Chainlink co-founder @SergeyNazarov has publicly commended @Blackrock for helping drive blockchain adoption. He cited three areas: on-chain asset management, fund tokenization and the expansion of on-chain finance. Nazarov also described how BlackRock and other major institutions could directly benefit from the growing range of infrastructure products built around $LINK, the token of the @Chainlink network.
BlackRock's Tokenization Push
BlackRock's primary on-chain product is the USD Institutional Digital Liquidity Fund, or BUIDL.
BUIDL is a tokenized money market fund launched in March 2024 in partnership with Securitize. The fund invests in cash, US Treasury bills and repurchase agreements, keeping maturities short.The fund has since expanded and become available across multiple networks.
according to Crypto Briefing.
BlackRock has made BUIDL available on BNB Chain and Solana and partnered with Securitize and Uniswap Labs to facilitate on-chain trading of the fund.More recently,
BUIDL already supports institutional collateral arrangements through Binance,according to crypto.news.
Nazarov has described BUIDL's launch as a turning point for traditional finance. In 2024, he
called the launch of BlackRock's first tokenized fund a watershed moment for TradFi's participation in the digital asset economy,Chainlink Today reported.
Where Chainlink Fits
Chainlink supplies data and cross-chain connectivity for tokenized assets. For example,
sBUIDL tokens on Euler are secured by Chainlink data feeds, which provide reliable pricing,The Defiant reported. Nazarov has characterized the network's broader role as
both a solution for bringing data onto blockchains and a means of connecting chains and smart contracts across different blockchains.Nazarov and BlackRock executives have appeared together on panels about the topic. In September,
he joined BlackRock's William Su, Vanguard's John Evans and Sharplink's Joseph Chalom at the Federal Reserve Bank of Philadelphia for a panel discussing blockchain's future in traditional finance. Su said there was substantial demand and interest in tokenized real-world assets.A press release distributed on OpenPR noted that
a discussion hosted at a Federal Reserve Bank does not mean BlackRock announced an investment in Chainlink.Nazarov's comments do not imply a formal partnership.
Looking ahead, Nazarov told Cointelegraph that
some major US tokenization projects should enter production this year, followed by a race next year and meaningful volumes the year after.
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