Chainlink, a provider of oracles, has revealed the "Chainlink Runtime Environment", a standard framework for connecting traditional financial architecture, payment systems, and existing institutions with blockchain protocols and smart contracts within a unique and unified ecosystem.
According to Chainlink, the unified Chainlink Runtime Environment will encompass the runtime framework previously established by the Common Business-Oriented Language (COBOL) standard, a programming language created in 1959 that enabled the advent of electronic banking and automated teller machines (ATMs).
The Chainlink Runtime Environment will also replace the Java Runtime Environment (JRE) architecture, first developed in the 1990s, which made online banking possible and has come to dominate online banking applications.
21X and Chainlink have announced the launch of the first regulated system for the trading and settlement of tokenized securities in Europe.
The launch, scheduled for the first quarter of 2025, will be supervised by BaFin, the financial authority of Germany.
This collaboration combines 21X's expertise in the financial sector with the advanced infrastructure of Chainlink. Its main goal is to enhance data quality and promote interoperability between different blockchains.
With this initiative, the European market for tokenized assets will benefit from greater flexibility, liquidity, and security.