FROM BANKS

Summary from the TLDR Crypto newsletter

In an interview at EthCC, Chainlink's co-founder Sergey Nazarov explained how he foresees banks adopting their own blockchains and connecting them via Chainlink's newly launched CCIP protocol. Nazarov suggests this could inject trillions of dollars into the crypto space. As banks tokenize real-world assets, they are predicted to want their own blockchain to maintain complete control. Chainlink's CCIP infrastructure facilitates secure movement of assets between blockchains and is currently being tested with crypto projects. Nazarov expects banks to develop their own stablecoins operating cross-chain via CCIP, once regulations allow for it.