• SAB adopts Chainlink’s CCIP and CRE to expand tokenization and cross-border finance tools.
• SAB and Wamid target $2.32T Saudi capital markets with blockchain-based tokenization plans.
• LINK price falls 2.43% to $22.99 despite higher trading volume and steady liquidity ratios.

Saudi Awwal Bank has added Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and the Chainlink Runtime Environment (CRE) to its digital strategy. CCIP links assets and data across multiple blockchains, while CRE provides banks with a controlled framework to test and deploy new financial applications.

The lender, with more than $100 billion in assets, is applying the tools to tokenized assets, cross-border settlement, and automated credit platforms. The move signals that Chainlink’s infrastructure is being adopted at scale inside regulated finance.

Read The Full Article Saudi Awwal Bank Adopts Chainlink for Capital Markets Tokenization; LINK Holds Near $23 On Coin Edition.

• SAB adopts Chainlink’s CCIP and CRE to expand tokenization and cross-border finance tools.
• SAB and Wamid target $2.32T Saudi capital markets with blockchain-based tokenization plans.
• LINK price falls 2.43% to $22.99 despite higher trading volume and steady liquidity ratios.

Saudi Awwal Bank has added Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and the Chainlink Runtime Environment (CRE) to its digital strategy. CCIP links assets and data across multiple blockchains, while CRE provides banks with a controlled framework to test and deploy new financial applications.

The lender, with more than $100 billion in assets, is applying the tools to tokenized assets, cross-border settlement, and automated credit platforms. The move signals that Chainlink’s infrastructure is being adopted at scale inside regulated finance.

Read The Full Article Saudi Awwal Bank Adopts Chainlink for Capital Markets Tokenization; LINK Holds Near $23 On Coin Edition.