“Chainlink” is a member of the Digital Assets Laboratory of “Emirates NBD”

Emirates NBD Bank announced yesterday that Chainlink, the standard for financing, data verification and interoperability across the Blockchain network, has been included in its Digital Assets Laboratory Council, becoming the fifth member of the Council.

The bank stated, in a statement yesterday, that after signing a memorandum of understanding in this regard during the “Abu Dhabi Financial Week,” Chainlink will join the other founding members of the laboratory council, including the “PwC” company and the “Fireflox” platform. “R3” Company, and “Chainalysis” Company.

He pointed out that Chainlink membership will play a major role in enhancing the Digital Assets Lab’s mission to provide innovative solutions in the field of digital finance.

The “Chainlink” standard works to unify liquidity across global markets, having already contributed to enabling transactions worth more than $17 trillion through the “Blockchain” economy, and major institutions and infrastructures for financial markets use “Chainlink” to operate next-generation applications for banking services and management. Assets and other major sectors.

Miguel Río Tinto, Head of Digital Technologies and Information Department at Emirates NBD Group, said: “As a key platform for our innovation strategy, the Digital Assets Lab contributes to enabling us to pioneer next-generation solutions for our clients.”

He added: “Thanks to Chainlink Labs’ experience in financing via the Blockchain network, we are confident that this partnership will contribute to advancing efforts in the field of coding and digital asset management, thus strengthening Emirates NBD’s position as a leading regional bank in the field of Financial innovation.

For her part, Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, said: “Coding and digital assets represent a huge opportunity of about $100 trillion for financial institutions in the Middle East, North Africa, Turkey and beyond.”

She added: “We at Chainlink Labs are pleased to cooperate with Emirates NBD Bank, and to become a member of its Digital Assets Laboratory Council, to help support the development of financial applications on the Blockchain network, which operates with the ChainLink standard. For financing, data verification, and interoperability across the Blockchain chain.