SBI & Chainlink Deploy CCIP for Japanese RWA Tokenization
SBI Group has teamed up with oracle provider Chainlink to use its Cross-Chain Interoperability Protocol (CCIP) for tokenizing real-world assets (RWA) in Japan. The initiative will initially target property, bonds and funds, leveraging SBI’s financial expertise and Chainlink’s secure interoperability. CCIP supports secure asset transfers and Delivery-versus-Payment (DvP) settlements, reducing counterparty risk. ANZ Bank has already demonstrated CCIP’s viability by settling stablecoins and natural asset NFTs between Avalanche and Ethereum. A recent SBI survey shows 76% of over 50 institutions plan to invest in tokenized securities, driven by lower costs and faster settlements. Japanese regulators are expected to approve a yen-backed stablecoin, providing a stable foundation for RWA trading. Analysts forecast the global RWA market could reach $16 trillion by 2030. The partnership marks a major step in building Asia’s institutional-grade digital asset infrastructure.
Bullish
The SBI and Chainlink collaboration on CCIP-driven RWA tokenization signals stronger institutional adoption and infrastructure maturity. With real-world asset tokenization poised to lower costs, speed up settlements and open new liquidity pools, traders can expect increased on-chain activity and product innovation. Past CCIP use cases—like ANZ Bank’s Avalanche-to-Ethereum settlements—demonstrate tangible benefits in complex financial workflows, suggesting this initiative could boost market confidence. Regulatory support for a yen-backed stablecoin further underpins stability and market expansion. Overall, the news is bullish for DeFi and institutional crypto markets in both the short and long term.