Hassan Maishera
Chainlink announced via X on Tuesday that it has entered into a strategic partnership with Fireblocks, an enterprise platform to manage digital asset operations. The two companies will work together to offer a secure and compliant technology solution for banks and financial institutions to issue and transact with stablecoins across global financial markets.
The new solution will allow users to securely mint, custody, distribute, and manage tokenized assets—including stablecoins—via a tokenization engine. Users can also verify stablecoin collateral onchain with proof of reserves for enhanced transparency and to help guarantee the value of stablecoins in circulation.
The solution will provide real-time, market-wide price tracking for assets represented onchain and custody services. Finally, users can quickly transfer data and value across public or private blockchains with industry-standard cross-chain infrastructure. This integrated offering will give issuing agents a single, comprehensive, real-time view of stablecoins, reserves, market value, and total supply, including across different blockchains.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down 1% over the past 24 hours and is trading at $10.65 at press time.
