- BX Digital collaborates with Chainlink to publish Swiss equities pricing data on blockchain.
- The partnership aims to improve transparency and reliability of digital asset trading.
- The solution is currently on testnet, targeting mainnet deployment with secure, verifiable data.
- Meanwhile, the Chainlink Cross-Chain Interoperability Protocol goes live on World Chain.
BX Digital, part of the Boerse Stuttgart Group, has partnered with Chainlink (LINK) to bring Swiss equities pricing data onto the blockchain.
Through the arrangement – currently in testnet and set to go live on mainnet soon – BX Digital and Chainlink aim to improve the transparency and reliability of digital asset trading in Switzerland.
Chainlink The Standard for Verifiable Data Plays
Andreas Ruflin, Chief Digital Officer at BX Digital, explained in a press release that Chainlink is the “standard for verifiable data plays” and has an important role in “accelerating both the pace and security of asset tokenization, secondary market trading, and settlement”.
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“While asset tokenization can unlock major efficiencies, industry participants trading digital assets on BX Digital will not only benefit from secondary market liquidity and price discovery but will also have access to reliable on-chain market data.”
Boerse Stuttgart Group is the sixth-largest TradFi exchange group in Europe, while Chainlink is one of the oldest and most established cryptos out there.
Chainlink describes itself as the “standard for on-chain finance” and has engaged in numerous collaborations with financial institutions and other blockchains over the years.
Chainlink’s CCIP Live on World Chain
And there’s more in the pipeline for Chainlink: Chainlink’s CCIP is available to developers and other users on World Chain, “the blockchain designed for humans”.
CCIP stands for Chainlink Cross-Chain Interoperability Protocol – a fancy term, but really describes a system that enables different blockchain networks to communicate and interact seamlessly, much like a universal adapter allowing various technologies to connect and work together efficiently.
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The CCIP integration with World Chain enables developers to build cross-chain applications, facilitating token transfers, messaging, and transactions across 20+ blockchains with enhanced security.
LINK itself is one of the largest cryptos by market cap, currently trailing just behind Tron (TRX) on the 11th spot with a market cap of US$16.1 billion (AU$25.5 billion). At the time of writing one LINK trades for US$25.44 (AU$40.29) per coin as data from CoinMarketCap shows.
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