At Sibos 2026 in Miami Beach, Chainlink co-founder Sergey Nazarov highlighted that banks are now creating their own tokenized deposit blockchains. The key challenge is enabling these separate bank blockchains to communicate effectively. Chainlink presented its Cross-Chain Interoperability Protocol (CCIP) and Chainlink Runtime Environment (CRE) as solutions to connect and manage workflows across multiple blockchain networks. Demonstrations included integrations with Swift for cross-border payments and collaboration with DTCC on the Collateral AppChain to streamline collateral management. Tokenized deposits allow banks to offer fast, programmable digital money while maintaining regulatory protections, helping them compete with nonbank digital currencies. The progress of initiatives like the Cari Network and On-Chain Money Initiative, and the adoption of Swift and DTCC solutions, will be critical to watch.
Chainlink's Sergey Nazarov discussed banks building tokenized deposit chains. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 06, 2026 19:52 WIB: out of 50 major cryptocurrencies, 18 rose and 29 fell. Notable movers include ONE (Harmony) at Rp41 with a 1-day change of -3.89%, ALGO (Algorand) at Rp2.252 with -3.80%, and CAKE (PancakeSwap) at Rp43.553 with -3.49%.
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