© Reuters.
Investing.com – The rapprochement of traditional finance and decentralized finance continues! Indeed, SWIFT, the interbank messaging system on which cross-border payments are based, announced yesterday that it is working with a cross-chain interoperability protocol (CCIP), whose native token is the LINK.
More concretely, the project provides that the CCIP will allow SWIFT messages to order transfers of tokens on the Chainlink blockchain.
Sergey Nazarov, co-founder of Chainlink, said it will accelerate the adoption of Distributed Ledger Technology (DLT) blockchains
Jonathan Ehrenfeld Solé, SWIFT’s Chief Strategy Officer, said there is “undeniable interest” from institutional investors in cryptocurrencies, noting that traditional finance players want access to digital and traditional assets. on a single platform.
The partnership between Chainlink and SWIFT on cross-chain interoperability will bridge the gap between traditional and digital assets for institutional investors, he added.
Demand for interoperability has increased over the past few months, having been touted as the next big development for crypto natives, but also for TradFi investors getting into digital assets.
Recall that last year, SWIFT warned that it would conduct a series of experiments in the first quarter of 2022 on the theme of optimizing the exchange of information between participants and the systems that interact during the life cycle of assets. tokenized.
Finally, it should be noted that LINK, the native cryptocurrency of the Chainlink network, is currently the 21ᵉ largest cryptocurrency on the market, with a capitalization of 3.81 billion dollars. It last night peaked at $8.52, but has since declined, to $7.75 at the time of writing, down 3% in 24 hours, but up almost 15% in one week.