How does Chainlink enable institutions to trade Tokenized Assets?

Quick Add and Chainlink have announced a collaboration to create a native blockchain adapter for Financial Information eXchange (FIX).

The goal is to increase the ability of financial institutions to interact with various tokenized assets.

Blockchain adapter for institutional trading

Quick Add and Chainlink aim to connect traditional financial communication systems with blockchain technology. The integration of Chainlink's Cross-Chain Interoperability Protocol (CCIP) with Rapid Addition's FIX solutions promises seamless interoperability with tokenized assets.

This adapter caters to emerging markets. These include carbon credits, renewable energy products and real-world assets such as real estate and stocks.

Institutions' ability to engage with these digital assets through established financial messaging protocols could transform institutional transactions. In fact, Mike Powell, CEO of Quick Add, confirmed that this integration will ensure the institutions liquidity and access to post-trade services.

“Partnering with Chainlink will allow our customers to leverage their existing marketing infrastructure to access the growing digital asset space without the systems and oversight,” said Powell.

The FIX protocol has been the backbone of financial transaction communications for over three decades. In combination with Chainlink technology, the adapter ensures compliance and enhances the efficiency of blockchain transactions.

Read more: How to buy Chainlink (LINK) and everything you need to know

Vince Turcotte, head of business development for Asia Pacific at Chainlink Labs, emphasized the importance of this collaboration as it creates new opportunities to benefit “buying participants and brokers.”