4/4
Here are a few words from their CEO after the Sibos👀:
"This year’s Sibos conference proved to me that the desire and the demand from financial institutions to integrate blockchain technology is not only real, but here right now.
After speaking to many of the largest central banks and private banks, financial market infrastructures, central securities depositories, and more, it’s never been more clear to me that the global financial ecosystem is moving into an onchain format at an accelerating pace. But there are three key challenges financial institutions will face👇
-Connecting their existing systems to blockchains
-Transacting with tokenized assets across any public or private blockchain
-Keeping all of those tokens updated with critical data as they move across chains
With one seamless and secure integration, CCIP helps solve these problems for capital markets and abstracts away the complexities that have prevented banks from integrating blockchain technology at scale.
Only CCIP achieves the full five levels of cross-chain security and decentralization that financial institutions are likely to need for safely managing quadrillions of dollars in asset flow and bringing global markets onchain🔥
Forward-looking institutions and market infrastructures like Swift, DTCC, Euroclear, and ANZ already have a first-mover advantage by demonstrating how CCIP serves as the abstraction layer to connect to any blockchain and modernize transaction fulfillment. I expect that as initiatives such as these eventually reach production, the adoption of on-chain finance will only accelerate🚀 $LINK
With that being said, we are signing off for the week and will be back with you on Monday🙌