At Sibos 2026 in Miami Beach, Chainlink co-founder Sergey Nazarov said many banks are now building their own tokenized deposit chains. He positioned Chainlink’s CCIP and CRE tools as the solution to connect these separate bank blockchains. The company demonstrated connectivity to Swift’s blockchain ledger and is working with DTCC on a Collateral AppChain for efficient collateral management. Around 30 US banks are involved in the Cari Network, while a group of 16 major banks is targeting a 2027 launch with the On-Chain Money Initiative.
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