Blockchain oracle project Chainlink has announced a partnership with Rapid Addition, a solution provider for Financial Information eXchange (FIX), to develop a FIX adapter for institutional trading of digital assets. 🤝

The adapter will run on the Chainlink Interconnect Protocol (CCIP), which is used in tokenized transfers, games and decentralized finance (DeFi).

Chainlink claims that through the collaboration, banks and financial institutions will be able to interact with a wide range of tokenized assets. This can be applied to renewable energy, carbon credits and real assets such as real estate, infrastructure and collectibles.

Vince Turcotte, head of business development for Chainlink Labs in Asia Pacific, believes that the integration of Chainlink and FIX will enable existing risk management and execution platforms to interoperate with new types of blockchain-based assets.