The collaboration will centre on tokenised real-world assets, tokenised funds and regulated stablecoins, drawing on Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate secure, compliant cross-chain transactions.
Use cases under development include tokenisation of assets such as real estate and bonds, bringing net asset value data for funds onchain, and enabling payment-versus-payment (PvP) settlement for foreign exchange and cross-border transactions.
Chainlink’s Proof of Reserve will also be used to provide transparency around stablecoin backing.
A recent survey by SBI Digital Asset Holdings is said to have found that 76% of over 50 financial institutions surveyed intend to invest in tokenised securities to benefit from reduced costs and faster settlement, though the absence of institutional-grade infrastructure was highlighted as a key barrier to broader adoption.
“It has been great working with the SBI team, they are one of the most forward-looking and technically advanced groups in the blockchain industry,” said Sergey Nazarov, co-founder of Chainlink.
“SBI’s choice to rely on the Chainlink standard for their digital asset transactions shows that the security/reliability, compliance features, and cross-border connectivity of Chainlink are what is needed to do high-value institutional transactions.”
Yoshitaka Kitao, chairman and chief executive of SBI Holdings, said: “With our combined strengths, we are delighted to be working together on developing groundbreaking, secure, compliance-focused solutions … that accelerate the widespread adoption of digital assets in Japan and the region.”
