Add as a preferred source on GoogleHanwha Securities Adopts Chainlink for Global Asset Tokenization
The platform remains in development. Chainlink will provide pricing and net asset value data, while CCIP is intended to move tokenized assets and liquidity across public and private blockchains.
Hanwha Investment & Securities announced a partnership with Chainlink on Thursday, Oct. 29, adopting its data standard and cross-chain infrastructure for a global platform to tokenize and distribute real-world assets (RWAs).
Chainlink will provide pricing and net asset value (NAV) data for assets issued through the platform. Its Cross-Chain Interoperability Protocol (CCIP) is intended to move tokenized assets and liquidity across public and private blockchains.
Hanwha is discussing potential products with global asset managers and issuers. The announcement names no assets or issuers and gives no platform launch date.
Hanwha and Chainlink are forming a working group to examine institutional onchain use cases, compliance and custody requirements, real-world asset valuation and reserve verification, and collateral standards.
“Chainlink is our key global strategic partner in realizing this vision,” said Insung An, chief digital officer at Hanwha Investment & Securities.
The announcement did not say whether the platform will require use of Chainlink (LINK), prompt purchases of the token or create demand for it.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.