tl;dr
Chainlink has launched its Digital Assets Sandbox (DAS), a solution to accelerate innovation in capital markets. The DAS, announced on their X platform, allows financial institutions to explore asset tokenization quickly and efficiently. It aims to meet institutional demand for secure environments t...
Chainlink has launched its Digital Assets Sandbox (DAS), a solution to accelerate innovation in capital markets. The DAS, announced on their X platform, allows financial institutions to explore asset tokenization quickly and efficiently. It aims to meet institutional demand for secure environments to experiment with digital assets. The platform offers ready-to-use digital asset workflows and is expected to help institutions build stronger business and investment cases for their digital asset strategies.
Industry predictions suggest significant growth in asset tokenization, with estimates projecting the global value of tokenized illiquid assets to reach $16 trillion by 2030. Chainlink's experience in facilitating on-chain transactions, amounting to over $12 trillion, positions the platform as a crucial tool for rapid advancement in digital finance.
Additionally, the current LINK price is $13.51 with a 24-hour trading volume of $412.6 million, representing a 4.50% decline in the last 24 hours and a 5.44% price increase in the past week.
Chainlink, a leading blockchain oracle network, has announced the launch of its Digital Assets Sandbox (DAS), a groundbreaking solution aimed at revolutionizing capital markets. The announcement, made via their X platform, introduces a turnkey solution designed to accelerate innovation in the financial sector.
The Digital Assets Sandbox enables financial institutions to conduct tokenization experiments and collaborative proof-of-concepts (PoCs) in a matter of days, dramatically reducing the typical timeframe of months. This development comes in response to growing institutional demand for secure environments to experiment with digital assets. The sandbox offers ready-to-use digital asset workflows, including options for real-world asset (RWA) tokenization. This feature is expected to help institutions build stronger business and investment cases for their digital asset strategies.
The launch of the Digital Assets Sandbox aligns with industry predictions of significant growth in asset tokenization. Estimates from various sources, including the Global Financial Markets Association and Boston Consulting Group, project the global value of tokenized illiquid assets to reach $16 trillion by 2030. More conservative estimates from Citigroup predict $4-5 trillion worth of tokenized digital securities by the same year. Backed by Chainlink’s experience in facilitating over $12 trillion in on-chain transactions, the platform aims to reduce development time for financial institutions from months to days.
The LINK price is currently at $13.51 today with a 24-hour trading volume of $412.6 million. This, however, represents a 4.50% decline in the last 24 hours and a 5.44% price increase in the past week.