Chainlink (LINK) co-founder Sergey Nazarov says major financial institutions around the world are primed to start utilizing his project soon.
Nazarov notes in a new YouTube video that the decentralized oracle network is arriving at a point where financial institutions have been reaching out for help with various projects.
“At this point, I’ve been – between last year and this year so far – almost everywhere. Last year, we covered a lot of Asia, the Middle East, Australia, many of the top environments where cryptocurrencies and blockchains are getting adopted. This year, with the new stance on regulation in the US, we are very heavily covering all of the US institutions in addition to continuing to cover those in Asia and the Middle East.
So I can’t mention exact names, because they want to wait to announce, they have all these processes with NDAs (non-disclosure agreements). It’s a very tightly controlled process, but I would say between last year and this year, we’re in various stages of conversations with probably all the top institutions in those geographies.
I think that those top institutions basically want to use the solution that solves all their problems, is used by the other top-tier banks and players, has all the functionality they want, whether that’s identity, data connectivity, orchestration.
And there’s really no system other than Chainlink that meets that high standard.”
LINK is trading at $14.50 at time of writing. The 16th-ranked crypto asset by market cap is up more than 5.5% in the past 24 hours.
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