Sergey Nazarov, co-founder of Chainlink, joined TradeTalks to share the biggest crypto trends to watch for in 2024.
Which trends in the crypto industry are you most excited about for next year?
The tokenization of Real-World Assets (RWAs) has the potential to bring hundreds of trillions of dollars onchain and transform both the crypto and financial industries. However, once tokenized assets move onchain, they will need the functionality to be securely transferred cross-chain, be enriched with real-world information like price data, and be connected to offchain compute regardless of which chain they’re on.
Chainlink is the only solution that brings cross-chain functionality and all of the world’s data and compute to tokenized assets, which is a big reason why some of the world’s largest financial institutions like Swift, DTCC, ANZ, and more are actively working with us to see how the Cross-Chain Interoperability Protocol (CCIP) can help make mainstream RWA a reality.
The world’s largest banks and asset managers are now actively utilizing blockchain technology live in production. The World Bank issued a digital bond on Euroclear’s DLT solution, HSBC tokenized physical gold in its London vault for institutional clients, and BlackRock filed for a spot Ethereum ETF while the Bank of England proposed a plan to support stablecoins in the…
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