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Chainlink to join Rapid Addition in building blockchain adapter for institutions

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Chainlink Labs’ Vince Turcotte said the integration ensures existing risk and execution platforms will interoperate with new blockchain-based asset types.

Blockchain oracle project Chainlink has partnered with Financial Information eXchange connectivity solutions provider Rapid Addition to develop a FIX-native adapter for institutional digital asset trading.

The organization believes this is an “untapped market opportunity” that could have applications across renewable energy products, carbon credits and real-world assets like real estate, infrastructure and collectibles. “We expect this will be particularly useful for the post-trade environment, as it will allow a single source of truth for trade allocations, which can be shared simultaneously and without duplication between asset managers, brokers, and custodians.”

He added that the integration between Chainlink and FIX ensures existing risk and execution platforms will “interoperate” with new blockchain-based asset types.When asked about how the new adapter may influence institutional adoption for blockchain or crypto, Turcotte expects digitally native institutions to be the first in line to adopt the integration. He explained:

 

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