Chainlink and Rapid Addition Redefine Digital Asset Trading

GATT was set up by the market players for the sake of market players and has come into existence with 30-year transaction messaging communication. As the standard message formats are aligned with the global regulatory regime across the entire market data and pre-post trades spectrum, and with the Chainlink and Rapid Addition network support adding the bridge to classic systems, FIX can accelerate blockchain onboarding by interoperating with the legacy systems as well as providing a compliant schema for the communication of financial market transactions over blockchain networks.The Chainlink and Rapid Addition exceptional FIX connectivity solutions provider announced today that it has partnered with the network impossible to work without for the tokenization of all assets to develop a FIX native blockchain adapter that will process institutional digital asset trading by means of the Chainlink Cross-Chain Interoperability. 

Throughout the industry, communities of foreign exchange FIX solutions are renowned for the quality of their services, which Rapid Addition provides as an established service provider. Chainlink is a highly regarded industry leader for on-chain data, smart contracts, cross-chain interoperability, and open access to blockchain. By this means, such institutions like banks will deliver messages and facilitate interaction with a broad selection of tokenized assets that are surging in demand, ranging from carbon credits and renewable energy products to real-world assets like real estate, infrastructure, and collectibles that have in the past been difficult to condense into a single digital asset.

“Through its broad portfolio of FIX solutions and the FIX players, Rapid Addition has gained equal first-place dominance on the horizon of innovation in FIX connectivity. Combining expertise with Chainlink and Rapid Addition on this breakthrough consumes our clients with effortless, foolproof, and secure integration to blockchain-based systems. Contrary to the need for duplicating systems and controls, they can exploit the seamless and safe integration”, stated Mike Powell, CEO of Rapid Addition. “Our clients require prompt settlement and matching processes, regardless of whether the post-trade assets are tokenized or not. This project with Chainlink will allow financial institutions using their trading infrastructure to enter this new era of digital assets quickly.”

Jim Kaye, Executive Director of FIX Trading Community, highlighted the critical role of the FIX technology committee, adding: "We feel impressed witnessing the use of the profitable project whose aim was somewhat like the task that FIX Automation has recently started, performed in the digital asset. Chainlink and speed-up Addition are a core part of those projects as new trading models and technologies are on their way to becoming real."

With the growth in near-termization of the financial world and the traditional finance as the platforms converge, which adds a lot of efficiency and increase in liquidity for the already established centralized market, the capability of the communication between the centralized risk and the settlement system broker of the banks and the new on-chain based platforms becomes even more essential.

Merging the first R&D discoveries of FIX Institutes Digital Asset and Technology Committee with our design, we see that the complementary use of Chainlink CCIP blockchain abstraction APIs and Rapid Addition's platform as an institutional blockchain adapter allows to connect FIX’s widely used industry protocols securely and seamlessly to smart contracts, thus opening new opportunities for digital asset trading in the institutional context.

The conversion of pecking orders into a meritocracy instantaneously after venture money is pumped into a startup is also fueling a decrease in innovation power. Founders all start to act in the same manner when raising capital. The key to institutional adoption of these new asset types lies in the effective interconnectivity between traditional systems and blockchain technology, which is why we're so happy to announce this partnership between Rapid "Partnering Link coin Chainlink CCIP with FIX Platform Rapid Addition has removed the high technical barrier obstacle of entry to new exchanges, buy-side traders, and brokers for cryptocurrency.