Overview
- SBI and its network plan to deploy Chainlink’s CCIP, SmartData for on‑chain NAV, and Proof of Reserve to support institutional‑grade tokenized products.
- Targeted applications include tokenized funds, real estate and bonds, and regulated stablecoins, with exploration of payment‑versus‑payment FX and cross‑border transfers.
- An SBI Digital Asset Holdings survey of more than 50 institutions found roughly 76% intend to invest in tokenized securities, citing efficiency and diversification.
- The partnership builds on 2023 work under Singapore’s Project Guardian where SBI, Chainlink, and UBS Asset Management tested automated fund administration.
- Market commentators noted record LINK derivatives open interest and price momentum around the announcement, and the effort complements SBI’s RLUSD stablecoin plans with Ripple.