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Chainlink Announces a Strategic Partnership with Sooho

Twitter icon  •  Published 4 months ago on September 3, 2024  •  Hassan Maishera

Chainlink announced via X on Monday that it has entered into a strategic partnership with Sooho, a blockchain fintech company.

Chainlink Announces a Strategic Partnership with Sooho

Chainlink announced via X on Monday that it has entered into a strategic partnership with Sooho, a blockchain fintech company. The partnership will see the two entities explore tokenized asset & CBDC use cases in South Korea, Japan, Thailand, and other Asian markets.

The main areas of cooperation include the introduction of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to Korean financial institutions and the utilization of Chainlink’s Proof of Reserve for verification of prepaid settlement reserves. It also involves on-chain provision of Net Asset Value (NAV) data.

Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is up 2% over the past 24 hours, trading at $10.63 at press time.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.