The new Digital Assets Sandbox (DAS) by Chainlink represents a significant advancement in the field of asset tokenization, allowing financial institutions to conduct tests in days instead of months.
This innovative solution could accelerate the adoption of asset tokenization in the financial sector, offering a secure and efficient environment for experimentation. Let’s see all the details below.
Acceleration of tokenization trials for Chainlink: Digital Assets Sandbox
As anticipated, Chainlink has launched the Digital Assets Sandbox (DAS) specifically designed for financial institutions, with the goal of accelerating digital asset innovation.
The DAS allows institutions to quickly explore new revenue generation opportunities, such as the tokenization of bonds, with improved time-to-market and greater overall efficiency.
Angela Walker, Global Head of Banking and Capital Markets at Chainlink Labs, emphasized the growing institutional demand for secure testing environments for digital assets. In a statement, Walker noted:
“The Digital Assets Sandbox by Chainlink addresses this need by allowing institutions to create rapid Proof of Concept in a few days, not months, leveraging the expertise of Chainlink Labs in research and development.”
Financial institutions need greater access to blockchain technology to drive innovation and develop new use cases.
The DAS of Chainlink provides a secure and reliable standard, facilitating on-chain finance on a large scale and improving the infrastructure of the financial sector.
Walker ha sottolineato l’importanza di questa iniziativa, affermando:
“The institutional world needs to access the blockchain sector, and Chainlink provides the secure and protected standard capable of supporting on-chain finance on a large scale.”
The DAS also offers ready-to-use digital asset workflows, including the tokenization of real-world assets (RWA), allowing institutions to develop stronger business and investment strategies.
Kevin Johnson, Head of Innovation Competence Center at Euroclear, commented:
“The Digital Assets Sandbox provides a safe environment where financial institutions and fintech can experiment and understand how technology influences operational and business models.”
The future of tokenization: a trillion-dollar opportunity
The tokenization is destined to become a market opportunity worth trillions of dollars.
According to a report by the Global Financial Markets Association (GFMA) and the Boston Consulting Group, the value of tokenized illiquid assets could reach 16 trillion dollars by 2030.
The analysts at Citigroup predict a further increase of 4-5 trillion dollars in tokenized digital securities by 2030.
The estimates of Northern Trust and HSBC suggest that from 5% to 10% of all assets could be digitally tokenized by 2030, highlighting the immense potential and transformative impact of tokenization in the financial sector.
Chainlink (LINK) on the rise: signs of recovery and strategic accumulation
The market of criptovalute is showing signs of recovery after a phase of intense selling pressure, caused by the German government’s decision to liquidate all its reserves.
Among the main altcoins, Chainlink (LINK) has recorded notable increases in value. Strengthening this positive trend are unknown entities, likely whales or institutional investors, who have continued to accumulate LINK tokens in their reserves.
In the last three weeks, the large-scale accumulation of LINK suggests a positioning strategy by a major market player, indicating a possible bull sentiment.
The cryptocurrency analyst Ali Martinez revealed that the whales have purchased over 10 million LINK in the last two weeks, worth nearly 120 million dollars.
IntoTheBlock has highlighted a significant trend in the net flows of LINK exchanges, which have been negative in the last two weeks.
Approximately 110 million dollars of LINK have been withdrawn from exchanges during this period, a behavior often associated with an accumulation phase.
This suggests that investors are transferring LINK from exchanges to long-term wallets, indicating a growing confidence in the prospects of LINK.
The data from Lookonchain shows that 93 new wallets have collectively withdrawn 12.75 million LINK tokens. Worth approximately 167 million dollars, from Binance starting from June 24, 2024.
This accumulation behavior aligns with the positive market sentiment, suggesting potential bull developments for LINK in the near future.
