- A blockchain trading adaptor is developed by Chainlink and Rapid Addition.
- Institutional access to tokenized assets is improved by a new adapter.
A partnership to develop a native blockchain adapter for Financial Information eXchange (FIX) has been announced by Chainlink and Rapid Addition.
Improving financial institutions’ capacity to interact with a variety of tokenized assets is the aim.
The goal of Chainlink and Rapid Addition is to integrate blockchain technology with conventional financial communication channels. A smooth interaction with tokenized assets is promised by the combination of Rapid Addition’s FIX solutions with Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
Emerging markets will be served by this adaptor. These consist of renewable energy items, carbon credits, and tangible assets like real estate and antiques.
Institutional trading may change if financial messaging protocols are used by institutions to interact with these digital assets. In fact, this connection guarantees that institutions maintain liquidity and access to post-trade services, as stated by Mike Powell, CEO of Rapid Addition.
For more than thirty years, the FIX protocol has served as the foundation for communications related to financial transactions. Through its integration with Chainlink’s technology, the adaptor guarantees adherence and optimizes cross-blockchain transaction performance.
Vince Turcotte, Chainlink Labs’ Business Development Lead for Asia Pacific, underlined the importance of this partnership in generating fresh chances that would help brokers and buy-side players.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
