Rapid Addition and Chainlink have announced a partnership to create a Financial Information eXchange (FIX). native blockchain adapter.
The goal is to increase the ability of financial institutions to interact with a wide range of tokenized assets.
Blockchain adapter for institutional trading
Rapid Addition and Chainlink aim to bridge traditional financial communication systems with blockchain technology. The integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) with Rapid Addition’s FIX solutions promises seamless interaction with tokenized assets.
This adapter will focus on emerging markets. These include carbon credits, renewable energy products and real assets such as real estate and collectibles.
The potential for institutions to interact with these digital assets through established financial messaging protocols could transform institutional trading. Indeed, Mike Powell, CEO of Rapid Addition, confirmed that this integration will ensure institutions maintain liquidity and access to post-trade services.
“Working with Chainlink allows our customers to leverage their existing trading infrastructures to access the rapidly growing digital asset space without duplicating systems and controls,” said Powell.
The FIX protocol has been the backbone of financial transaction communications for more than thirty years. By combining it with Chainlink’s technology, the adapter ensures compliance and improves the efficiency of cross-blockchain transactions.
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Vince Turcotte, Business Development Lead for Asia Pacific at Chainlink Labs, emphasized the importance of this partnership in creating new opportunities to benefit “buy-side participants and brokers.”
