Blockchain oracle service provider Chainlink (LINK) is working on a pilot project for Brazil’s proposed central bank digital currency (CBDC) called DREX with Microsoft and other firms in the country. In a press release, Chainlink says it is collaborating with Microsoft Brazil, digital bank Banco Inter and blockchain finance firm 7COMm to build a trade […]
The post Chainlink Collaborates With Microsoft on CBDC Commissioned By Brazil’s Central Bank appeared first on The Daily Hodl.
Chainlink (LINK) creator Sergey Nazarov says a major milestone has been reached in its partnership with payments giant SWIFT. In a new speech at the Sibos 2024 conference in Beijing, Nazarov says that Chainlink has developed a system that connects the traditional finance (TradFi) world with blockchain functions. “Over many years now we’ve been collaborating […]
The post Chainlink Creator Sergey Nazarov Reveals Launch of SWIFT Integration for Institutional Systems appeared first on The Daily Hodl.
Chainlink (LINK) creator Sergey Nazarov says that traditional finance (TradFi) will flood the real-world assets (RWA) crypto sector with trillions of dollars. In a new speech at the TOKEN2049 conference in Singapore, Nazarov says that TradFi will ultimately be the largest customer of decentralized finance (DeFi). Nazarov says that he expects RWAs to overtake all […]
The post Sergey Nazarov Unveils Real World Asset Prediction, Says TradFi Will Flood Sector With Trillions of Dollars in Capital appeared first on The Daily Hodl.
Trillions of dollars will flow into Web3 once the details of the Internet of Contracts are worked out.
The value of tokenized real-world assets (RWA) will exceed that of cryptocurrencies on Web3 in the next few years, Chainlink co-founder Sergey Nazarov said in his keynote presentation at TOKEN2049 in Singapore on Sept. 18. That surge of value flowing from traditional finance (TradFi) will drastically alter the nature of the blockchain industry.
“This is the role I think we should all be preparing for. […] TradFi will be the largest customer of DeFi [decentralized finance],” Nazarov said. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) may have a crucial role to play in an emerging Internet of Contracts that will link central bank digital currency, asset chains, consortium chains and public blockchains, he added.
The Chainlink oracle network “already powers the majority of DeFi,” having enabled $15.49 trillion in transaction value since 2022, Nazarov said. For TradFi to use blockchain technology, it needs access to a variety of types of data, including live data, “to make TradFi smart contracts function properly.”
Chainlink (LINK) co-founder Sergey Nazarov is detailing how crypto adoption could witness exponential growth. In an appearance on The Defiant YouTube channel, Nazarov says that the traditional finance (TradFi) institutions will on-ramp the “next billion users” of crypto. “I do think a very large amount of users both in total value and individuals will come […]
The post Here’s Where the Next Billion Crypto Users Will Come From, According to Chainlink Creator Sergey Nazarov appeared first on The Daily Hodl.
Sergey Nazarov, co-creator of blockchain oracle service Chainlink (LINK), says that one burgeoning sector of the digital asset space is set to become a leading trend. Nazarov tells his 150,000 followers on the social media platform X that real world assets (RWAs) look poised to become the next big trend in blockchain. The RWA trend […]
The post Chainlink (LINK) Creator Sergey Nazarov Says Real World Assets (RWAs) Are Next Big Trend in Blockchain appeared first on The Daily Hodl.
Chainlink (LINK) co-creator Sergey Nazarov says this could be the year that sees a great merger between blockchain and the traditional global financial system. In a speech at the Consensus 2024 conference, Nazarov says the market for on-chain assets is more than $100 trillion. The Chainlink co-creator shares a chart showing that the $2.7 trillion […]
The post ‘Hundreds of Trillions’– Sergey Nazarov Says 2024 Is Year Crypto and Global Financial System Merge appeared first on The Daily Hodl.
The co-founder of blockchain oracle Chainlink (LINK), Sergey Nazarov, is saying that the crypto industry is in the “early to mid-stage” phase of growth. According to Chainlink co-founder, the total crypto market capitalization could soar by nearly four times from the current level. “The crypto industry in my opinion when it crossed $200 billion got […]
The post Total Crypto Market Cap Primed To Surge to Over $10,000,000,000,000, Says Chainlink Co-Founder – Here’s How appeared first on The Daily Hodl.
Having achieved its highest value ever on March 5, 2024, precisely at 10:03 a.m. Eastern Time (ET) on Tuesday, the price of bitcoin has declined by more than 11% against the greenback at 3:00 p.m. ET. Currently, bitcoin boasts a global trading volume of $52.34 billion, contributing to the total $275 billion exchanged throughout the […]
Chainlink (LINK) creator Sergey Nazarov says the recent launch of spot Bitcoin (BTC) exchange-traded funds (ETFs) is a “watershed moment” for the industry as it could mark the beginning of a massive influx of capital from global finance. In a new interview on Bloomberg Television, Nazarov says the “net new buyers” of the current crypto […]
The post Sergey Nazarov Says Bitcoin ETFs ‘Just The Beginning’ Before Banks Launch Massive Tokenization Campaign appeared first on The Daily Hodl.
