According to Odaily, Sooho.IO and Chainlink have announced a strategic partnership aimed at integrating and adopting a comprehensive suite of Chainlink services. This collaboration is set to provide a range of products and services for asset owners and regulated financial institutions. The partnership will focus on exploring tokenized assets and central bank digital currency (CBDC) use cases in emerging digital markets across Asia, including South Korea, Japan, and Thailand.
The cooperation will initially concentrate on three key areas. Firstly, Sooho.IO will utilize Chainlink's Cross-Chain Interoperability Protocol (CCIP) in its projects with regulated financial institutions and digital asset owners in South Korea. Secondly, the partnership will employ Chainlink's Proof of Reserve services to verify prepayment reserves and explore various application scenarios. Lastly, Chainlink will facilitate the transmission of net asset value data onto the blockchain.
Sooho.IO is recognized as a leading solution provider in the realm of blockchain finance and digital asset services.
