SBI Group has partnered with Chainlink to develop blockchain-based tools for financial institutions, initially focusing on Japan and then expanding to the Asia-Pacific region. Their collaboration aims to create applications like on-chain bonds and provide blockchain verification for stablecoin reserves. This partnership follows SBI's recent alliances with Circle Internet Group and Ripple Labs. Chainlink will leverage its interoperability protocol for various uses, including tokenizing real-world assets (RWAs) and facilitating foreign exchange and cross-border transactions. Sergey Nazarov, co-founder of Chainlink, expressed enthusiasm about scaling production for stablecoin settlements and advanced fund tokenization. Yoshitaka Kitao, CEO of SBI Holdings, emphasized their goal of enabling compliant cross-border transactions with stablecoins, which could accelerate digital asset adoption in Japan and the region.

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