The Singapore-based exchange, regulated by the Monetary Authority of Singapore, is using Chainlink CCIP for money market fund tokens available on the DigiFT platform.
DigiFT, a Singapore-based exchange regulated by the Monetary Authority of Singapore, and Chainlink—the essential infrastructure for the tokenized asset economy—announced that DigiFT has adopted Chainlink’s Cross-Chain Interoperability Protocol to expand the accessibility of money market fund tokens available on the DigiFT platform to new audiences across multiple blockchains. Additionally, DigiFT is adopting Chainlink Proof of Reserve to help verify reserves and secure the minting function of the money market fund tokens on DigiFT’s platform.
DigiFT, which provides financial services for primary issuance and secondary market trading, will benefit from enhanced liquidity for its real-world assets (RWA) tokens by adopting CCIP for secure cross-chain token transfers across multiple chains and as a result improve liquidity on secondary trading markets. Increased liquidity can enable more efficient markets and encourage institutional asset managers to incorporate tokenized assets in their investment strategies. Through the application of CCIP and Proof of Reserve, DigiFT and Chainlink are collaborating to drive institutional adoption of public blockchain and tokenization technology.
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“Chainlink CCIP is a foundational technology for enhancing blockchain-based capabilities through secure and seamless interoperability,” said Henry Zhang. “By adopting Chainlink CCIP and Proof of Reserve, we are not only expanding DigiFT’s cross-chain reach but also elevating the transparency, security, and reliability of our tokenized RWA offerings. This collaboration strengthens our ability to create an interconnected ecosystem between Web3 and traditional financial services, driving greater adoption and trust among institutional investors.”
“Chainlink CCIP and Proof of Reserve are crucial components for both onchain protocols and traditional financial institutions. We look forward to working with DigiFT to expand the utility and accessibility of their tokenized RWAs with the Chainlink platform,” said Vince Turcotte.
Chainlink
Chainlink is the universal platform for pioneering the future of global markets onchain. Chainlink has enabled over $16 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
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Source – prnewswire
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