By integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP), SBI Digital Markets is powering interoperable and compliant tokenized real-world assets across its digital asset platform.

NEW YORK, November 5, SBI Digital Markets (SBIDM), the digital asset arm of Japan’s leading conglomerate SBI Group, and Chainlink, the industry-standard oracle platform, announced a strategic partnership focused on bridging TradFi and DeFi with the adoption of the Chainlink Cross-Chain Interoperability Protocol (CCIP) for SBIDM’s digital asset platform.

The collaboration builds on the partnership between SBI Group and Chainlink and the key technical milestone developed under the Monetary Authority of Singapore’s Project Guardian with SBIDM, UBS Asset Management, and Chainlink that successfully automated the fund management process for traditional fund administrators and transfer agents.

Chainlink CCIP will serve as SBIDM’s exclusive cross-chain interoperability solution, bringing increased liquidity to its digital assets hub by enabling tokenized assets to be transferred across public and private blockchains. SBIDM is also leveraging CCIP Private Transactions, the only cross-chain technology that prevents third parties from accessing private data in cross-chain transactions, including amounts, counterparty details, bid/ask sides, and settlement instructions.

In addition to CCIP, SBIDM is evaluating Chainlink’s Automated Compliance Engine (ACE) to bring dynamic, policy-based compliance capabilities to onchain transactions as the company extends its tokenization roadmap with an ambitious pipeline of interoperable real-world assets.

SBIDM is evolving from a platform focused on issuing and distributing tokenized assets into a comprehensive digital asset hub. In its final state, SBIDM will deliver the full end-to-end lifecycle its customers require. This includes issuance and distribution, but also the ability to purchase, settle, and trade these assets on secondary markets with tokenized cash in a compliant manner across jurisdictions. Together, SBIDM and Chainlink are driving the convergence of traditional finance and decentralized finance by connecting public blockchains, permissioned networks, and existing systems into a single digital asset hub, enabling tokenized asset markets to operate securely and at scale.

“Our vision for the future of capital markets is built on an interconnected global platform – this can only be realized with an interoperable and secure infrastructure. We have seen significant success and interest in tokenised forms of real-world assets and through our exclusive access to these asset classes, SBI Digital Markets is in a unique position to structure and distribute digital assets across TradFi and DeFi networks. We are looking forward to deepening our alliance with Chainlink to bridge the gap and build an institutional-grade framework for tokenized securities.”

— CK Ong, Chief Operating Officer at SBI Digital Markets

“By adopting Chainlink as its exclusive interoperability infrastructure provider, SBI Digital Markets is advancing its digital assets platform with institutional-grade interoperability, privacy, and compliance across public and permissioned chains. We are excited to provide SBIDM with the critical infrastructure needed to give its customers seamless access to the highest quality digital assets and accelerate the expansion of the onchain economy across Asia and Europe.”

— Johann Eid, Chief Business Officer at Chainlink Labs

With a growing number of investors seeking exposure to tokenized securities for lower costs, shorter settlement periods, and other key benefits, the lack of institutional-grade market infrastructure for digital assets has been identified as a major barrier to wider market adoption. This partnership with Chainlink is expanding SBIDM’s efforts to drive commercial adoption of digital assets by architecting regulation-compliant frameworks and infrastructure that support the end-to-end flow of tokenised securities across chains, asset classes, and jurisdictions.

About Chainlink

Chainlink is the industry-standard oracle platform bringing the capital markets onchain and powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi.

Many of the world’s largest financial services institutions have also adopted Chainlink’s standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, ANZ, and top protocols such as Aave, GMX, Lido, and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve. Learn more at chain.link.

About SBI Digital Markets (www.sbidm.com)

SBI Digital Markets is a subsidiary of SBI Digital Asset Holdings, the digital asset arm of Japan’s leading conglomerate SBI Group. With the largest securities account customer base and second-largest trading market in Japan, SBI Group has a global network across 26 countries and regions including key markets in Asia and Europe. SBI Digital Markets offers clients a comprehensive digitalisation framework from origination, tokenisation, and distribution to custodian services across traditional and Web 3 products.