Emirates NBD, a prominent banking group in the MENAT region, has announced the inclusion of Chainlink, a global leader in onchain finance and cross-chain interoperability, as the fifth council member of its Digital Asset Lab.
This partnership follows the signing of a Memorandum of Understanding during Abu Dhabi Finance Week. Chainlink joins other founding members, including PwC, Fireblocks, R3, and Chainalysis.
The addition of Chainlink is expected to propel the Digital Asset Lab’s mission of advancing digital finance innovation. Known for unifying liquidity across global markets, Chainlink has facilitated over USD 17 trillion in blockchain transaction value, enabling next-generation banking and asset management applications.
Miguel Rio Tinto, Group Chief Digital and Information Officer at Emirates NBD, stated,
“We are proud to partner with Chainlink… With Chainlink Labs’ expertise, we are confident this partnership will drive new advancements in tokenisation and digital asset management.”
The Digital Asset Lab, launched at the Dubai FinTech Summit in May 2023, focuses on pioneering solutions such as tokenised bonds, crypto retail banking products, and blockchain-based compliance tools. With a market of USD 1.3 trillion globally and tokenisation contributing USD 230 billion annually to MENAT GDP, Emirates NBD aims to lead financial innovation in the region.
Angie Walker, Global Head of Banking at Chainlink Labs, emphasized the immense potential of tokenisation, calling it a "hundred-trillion-dollar opportunity."
Building on a seven-year legacy in blockchain technology, Emirates NBD continues to strengthen its commitment to innovation by extending the Digital Asset Lab’s reach to academia through its Future Leaders Outreach Program.
News Source: Dubai Media Office
