Odaily Planet Daily reports that Chainlink's annual flagship conference, SmartCon, opened yesterday. Dan Doney, CTO of DTCC Digital Assets, and Laurens Schepens, head of UBS Tokenize, held a panel discussion on "Building a Global Tokenized Financial Interoperability Layer."

Explore the development directions of blockchain interoperability, data standardization, and institutional tokenization.

Dan Doney points out that the DTCC is working to upgrade the US financial market from T+1 settlement to real-time settlement. The DTCC is leveraging Chainlink's data services to introduce institutional financial instruments such as collateral management, securities lending, and repurchase markets, building upon this service transformation. He believes that addressing the inefficiencies of traditional processes such as corporate behavior through these industry data standards could save financial institutions billions of dollars annually and improve end-user efficiency.

Laurens, head of UBS Tokenize, explained that UBS has issued structured notes and money market funds on Ethereum and has partnered with Chainlink to complete the first test transaction based on the Digital Transfer Agent (DTA) standard, aiming to achieve interoperability between on-chain and traditional financial systems.