Chainlink creator Sergey Nazarov is making waves. He's predicting a seismic shift in finance. Traditional heavyweights are eyeing decentralized finance (DeFi), he says.
Nazarov took to X with his forecast. He sees big players gearing up for digital assets and smart contracts. But that's just the beginning.
"Once the world's largest asset managers and banks are on-chain, the next step is connecting them to the DeFi protocols already powered by Chainlink," Nazarov wrote.
He's not stopping there. Nazarov envisions a unified standard for transactions. This would work across multiple chains, bridging DeFi and traditional finance (TradFi).
"Then we will enter a global Internet of Contracts," he declared. It's a bold claim. But Nazarov sees it as the industry's ultimate goal.
Chainlink's not just talking. They're taking action. They've launched the Digital Assets Sandbox (DAS). It's a new tool from Chainlink Labs.
The DAS uses Chainlink's Cross-Chain Interoperability Protocol (CCIP). Its aim? To speed up digital asset innovation in financial institutions.
How? By offering ready-to-use business workflows for digital assets. It's a playground for the suits, if you will.
Chainlink Labs gave an example. Institutions can now test-drive digitizing traditional bonds on blockchain testnets. They can convert bonds to digital tokens. These tokens can then be traded and settled.
Kevin Johnson, from world settlement firm Euroclear, chimed in. He sees the value in such sandboxes. "It provides market participants with a safe environment," he said.
Johnson elaborated. The sandbox lets teams experiment and learn. It helps build a strong case for investing in digital asset strategies.
It's early days. But if Nazarov's right, the finance world might look very different soon. TradFi giants rubbing shoulders with DeFi protocols? It's not as far-fetched as it once seemed.