Saudi Awwal Bank Adopts Chainlink for Capital Markets Tokenization; LINK Holds Near $23

• 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.

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