Sergey Nazarov, the mastermind behind Chainlink, believes that traditional finance giants are about to dive headfirst into the world of decentralized finance (DeFi). He’s predicting that the world’s biggest banks and asset managers will soon be using Chainlink to connect with DeFi protocols.
A Bridge Between Worlds
Nazarov sees this as a huge step forward, saying that once these financial heavyweights are on the blockchain, the next move is to link them to the already established DeFi world. He envisions a future where there’s a universal standard for transactions across different blockchains, effectively merging DeFi and TradFi. This, he believes, will lead to a “global Internet of Contracts” – the ultimate goal of the industry.
Chainlink’s Digital Assets Sandbox
Chainlink is making this vision a reality with its Digital Assets Sandbox (DAS). This tool, built by Chainlink Labs, is designed to help financial institutions explore the world of digital assets. It provides ready-to-use tools for institutions to experiment with things like digitizing traditional bonds and trading them on a blockchain.
The Sandbox’s Impact
Kevin Johnson, a leader at Euroclear, a global settlement firm, sees the DAS as a safe space for financial institutions and fintech companies to experiment with blockchain technology. He believes it will help them understand how this technology could impact their business models and ultimately build a strong case for investing in digital assets.
This move by Chainlink could be a game-changer for both the DeFi and TradFi worlds. It could open up new opportunities for innovation and collaboration, ultimately leading to a more interconnected and efficient financial system.
