Sergey Nazarov

We do not choose the times we live in, all we can do is choose how we respond to them. Technology gives us new and better ways to respond to old challenges that may have previously been impossible to solve. Cryptographic guarantees are a way we can solve many old challenges.

Very excited to have spoken at the Aladdin Client Forum. I am very impressed by both Aladdin and the BlackRock team overall, they are some of the smartest people in global finance that I have ever met and I can clearly see why they have the market share that they do. It is clear that BlackRock has a huge roll to play in on-chain asset management, fund tokenization and the overall growth of on-chain finance as the new preferred way that assets are managed by the top institutions. AI is clearly a tool that will interact in many useful ways with BlackRock systems and multiple chains, adding a new layer of complexity that needs orchestration for agents to efficiently and safely use various chains; the Chainlink ecosystem has built CRE to solve exactly these multifaceted orchestration problems. I am excited about what Chainlink can offer both the BlackRock tokenized fund management side and the Aladdin software side of BlackRock, I can see both of them massively benefiting from the Chainlink Standard.

Glad we have Price working so closely with us, he is going to have a lot more work now that all financial markets are going on-chain 24/7 but I think with Chainlink he can handle it well.

Very excited about the Link:NYC conference next week in New York. Excited to be bringing together the top TradFi and DeFi teams and their senior leaders to discuss the future of the new global financial system. chain.link/events/linknyc

The launch of CCIP 2.0 is something we've been working on with the world's top financial institutions for a while, we have now implemented their feedback on what is needed for institutional grade bridging of data and the movement of the digital assets themselves across both public and private chains. The response from the capital markets community here at Sibos has been very positive, and it is clear that the additional compliance, risk management, configurability and network participation capabilities of CCIP 2.0 are something that institutions find attractive and useful. I think the digital asset industry will end up at a new level of risk management for their data all of their tokenized value; where digital assets that are not bridged via a secure method and/or are relying on data that can be manipulated, will be viewed as much more risky. If the digital assets that bridge via providers which are not secure by default and/or keep repeatedly losing bridging keys, then they will receive worse asset risk scores which necessarily leads to worse terms for their usage as collateral, their inclusion on a balance sheet, and various other use cases. In some cases we are already seeing that having unreliable bridging or easy to manipualte data for valuation is leading to some digital assets to not be accepted for collateral or other users cases at all. We are now working closely with top FMIs, the leading banks, top asset managers, top GSIs and various capital markets technology providers to enable digital assets to operate in a derisked way, to unlock the liquidity found in public chains and to efficiently connect the next generation of digital assets to the benefits of DeFi. coindesk.com/business/2026/0…

Very excited to be working with the great state of Wyoming. It's a great place with amazing people and one of my favorite US national parks, Yellowstone. Wyoming has also supported the blockchain industry very heavily, for which we should all be very grateful. I have seen @SenLummis play a pivotal role in moving our industry forward at the federal level in DC. Thank you. With this recent switch over to CCIP, I am truly thrilled to have seen how a government department's rigorous security review has found that Chainlink's CCIP is the best choice for their high standards, that says a lot. Security and reliability truly does matter when choosing oracle and cross-chain infrastructure that will enable important on-chain transactions, this is the premise that Chainlink's design is based on.

Security, reliability and connectivity to all the key points you want to access on-chain, these are the key features Chainlink offers. Actually providing these three key features will continue to lead to a growing network effect of the top on-chain assets choosing Chainlink for cross-chain interoperability, all data and many other key operations like off-chain orchestration using CRE. WBTC is the largest form of wrapped Bitcoin available, which is being managed by BitGo, a licensed custodian that takes their system's security seriously. After a thorough security review of Chainlink vs the alternatives they have chosen CCIP as their preferred cross-chain method for the world's largest wrapped crypto asset. theblock.co/post/410594/bitg… This shift by WBTC will now have CCIP powering approximately 70% of all wrapped Bitcoin, which even if it wasn't the case initially, became that way eventually due to the security, reliability and connectivity of CCIP. This is a clear example of how building for security (e.g. multiple nodes that sign) and reliability (e.g. many nodes stay up during an AWS regional outage) is the right long-term approach to accrue a market leading position, one on-chain asset type after another. This approach is also how Chainlink got its 70%+ market share in DeFi; this works in an industry that values security and reliability.

Three key trends I am increasingly excited about... 1: Our industry has started caring much more about the security and reliability of the infrastructure, standards and oracles/dependencies that it is built on top of. This shift in focus towards security is already massively benefiting Chainlink because it is built with security and reliability in mind from the start e.g. 16 nodes vs 1 of 1 or 2 of 2 (which is actually often just a 1 of 1 in disguise). This focus on reliability and security makes a better system for everyone in the DeFi/TradFi industry to transact with less risk and also leads to more overall Chainlink adoption over time. The way Chainlink became the leading data oracle is through security and reliability, I think that will happen across all categories where Chainlink deploys services for the same reasons. We are now clearly seeing this dynamic take place in cross-chain interoperability, with many large users migrating onto CCIP after conducting deeper security reviews of bridging providers, more and more of which are now being published, some telling quotes below: xitter.twitterapi.xyz/krakenfx/status/205494… Kraken chose Chainlink CCIP because it offers enterprise-grade infrastructure with strict security & risk management requirements, including: • ISO 27001 and SOC 2 Type 2 certifications • Secure by default architecture • 16 independent nodes • Native rate limits, and more. xitter.twitterapi.xyz/LidoFinance/status/205… and blog.lido.fi/cross-chain-sec… The analysis covers how Chainlink CCIP delivers strong decentralization, native safeguards, and issuer control as default protocol-level guarantees, which insulates wstETH from a number of attack vectors behind the Kelp / LayerZero exploit. xitter.twitterapi.xyz/Lombard_Finance/status… Chainlink CCIP has emerged as the standard in cross-chain infrastructure, providing an enterprise-grade framework to secure high-value assets With over $4Billion migrated in just a few weeks and more on the way, I am clearly seeing the industry's clear preference for security and reliability being a key trend leading to accelerated adoption of Chainlink and CCIP. 2: Chainlink has always continued to build and added many of its best features during down markets, when there is less noise to distract top teams from building. Because Chainlink already has clear product market fit, being able to focus on building the future is a powerful accelerant for future progress and is actually what I and many of the people building Chainlink are here for. I am very excited about both the use case specific features e.g. collateral management and the increasing number of reusable primitives e.g. verifiable confidential compute in CRE, which are now actively being built, refined and launched with top users. In my experience, during the down market lulls is when the best things get built, and I am truly thrilled to see Chainlink being built to better serve its existing users and entirely new users. 3: The RWA, TradFi Tokenization and Digital Assets industry has now decoupled from crypto prices as a determining factor of its success and is a rapidly growing market of its own. Great news for the technologies, standards and infrastructures that can serve this new and growing demand, of which Chainlink is at the very top of the list. By having the relevant certifications; blog.chain.link/chainlink-ac…, being the historically most secure/reliable option with the largest amount of value enabled and being able to compose multiple key primitives (Data + Interoperability + Identity/compliance + verifiable off-chain orchestration) into full end-to-end solutions like no other platform can, puts the Chainlink platform/ecosystem in a unique place to be adopted by this new and growing market. This is now becoming increasingly clear in practice through Chainlink's adoption in various parts of the capital markets; from collateral management with some of the most recent examples being... DTCC using CRE and Data for their production plans; dtcc.com/news/2026/may/12/dt… + xitter.twitterapi.xyz/The_DTCC/status/205417… Data providers like SGX using DataLink for key data; xitter.twitterapi.xyz/chainlink/status/20563… Top asset managers like State Street; xitter.twitterapi.xyz/chainlink/status/20520… and Fidelity International; xitter.twitterapi.xyz/chainlink/status/20545…, being powered by Chainlink on the backend. The above are just a small number of recent examples, with many more being worked on all across the TradFi ecosystem, from payments, to tokenized equities, to tokenized funds; all of these on-chain finance use cases need multiple Chainlink components working together. I can't wait for the next stage, where the leading DeFi applications and the top TradFi institutions start interoperating through their use of shared on-chain standards, interoperability connections and data/identity oracles, all of which are being provided by Chainlink, together with existing infrastructures. Solving each of these market's individual problems is already exciting, but helping them merge into the new global financial system is something that I and many others in our ecosystem have been working towards for a while. If the above sounds like something worth spending many late nights on, and you can see the future I am talking about, this is the best time to join a top team like Chainlink Labs... if you're the best of the best, excited about the future of the blockchain industry, DeFi, TradFi and building the future of the new global financial system, we are excited to work together with you: chainlinklabs.com/open-roles.

Glad to see all the hard work that Chainlink has put into generating real security is being recognized as valuable by more and more teams in our industry. It seems that focusing on making the secure and reliable solution is what wins in an industry where securing value is a key feature of everyone's product. We have seen the trend of low quality data oracles with poor security being switched out for Chainlink for many years now, with that trend continuing on a regular basis; xitter.twitterapi.xyz/DefiantNews/status/205… We are also now seeing the same dynamic in cross-chain connectivity/bridging, where providing security with actual decentralization, actual monitoring and actual private key security is increasingly valuable to both protocol teams and the users of their products. It is much easier and often faster to cut corners and run a single node and call it a decentralized bridge, have no monitoring on those bridges and keep the extra profits from cutting these key security and reliability features, but that comes at the expense of your users systems going down e.g. due to one AWS zone outage, or your bridges getting hacked with one set of admin keys. Chainlink's thesis as a technology, standard and community is to not cut these corners, but do what we can to raise the standards of our industry and provide reliable on-chain data, reliable cross-chain interoperability and now reliable off-chain to on-chain orchestration across all smart contracts on all chains.

Excited about the continued rollout of top institutional data on-chain via Chainlink; @sixgroup, the exchange of Switzerland has adopted @chainlink as the data standard it is using to get critical market data on-chain: six-group.com/en/newsroom/me…. Chainlink is the global leader powering DeFi and TradFi RWAs, with this data helping increase institutional demand for both. This is now starting to be driven by TradFi users wanting their existing data sources on-chain as they move more capital into institutional grade RWAs, which require market data to function in similar ways to how DeFi couldn't operate without a reliable data layer like Chainlink. Below are just some more examples of top institutional grade data providers choosing to put their data on-chain via Chainlink as the leading data standard powering over 70% of DeFi globally, with it now becoming the data standard that their institutional users will be asking for in order to consider an RWA as reliable enough to put institutional capital into. Also, being able to easily access key market data from CRE workflows should accelerate your speed of building a tokenized fund, tokenized equity, on-chain vault and many other on-chain financial products. If Chainlink is the place you can receive all your needed market data, reference data and identity data on-chain, that is just the first initial level of Chainlink integration for your RWAs. If you are then choosing to build your entire on-chain financial product via CRE because it can help you reliably create key conditional statements around the use of that data, with privacy and off-chain level compute scalability, that is a whole new level of Chainlink integration. The type of data listed below opens the door for DeFi, Prediction Markets, RWAs and many new categories of on-chain smart contracts to adopt Chainlink, but then once the full capabilities of reliable on-chain data are combined with CCIP cross-chain and CRE chain abstraction, that becomes a whole different level of orchestration, reliability and privacy. S&P: press.spglobal.com/2025-10-1… FTSE Russell: theblock.co/post/377357/ftse… Tradeweb: tradeweb.com/newsroom/media-… Deutsche Börse Group: deutsche-boerse.com/dbg-en/m… Intercontinental Exchange: finance.yahoo.com/news/chain… Coinbase: prnewswire.com/news-releases… Among many others....

Excited to join this great group of leaders from our industry on the CFTC Innovation Advisory Committee. I am looking forward to doing everything I can to help provide feedback on the key role of oracles as critical infrastructure for the reliable operation of markets, as well provide whatever insight I can on how the Cryptocurrency, DeFi and RWA industry can evolve successfully in the US as its primary global hub. @ChairmanSelig it has always been a pleasure speaking with you during your time at the SEC, I was thrilled to hear of your appointment to this new role and I am very excited about how you and this committee can work together to the benefit of both our industry and the US economy. Thank you again for forming this committee.

Cycles are a normal part of the crypto industry, what is important is what those cycles reveal about how far the industry has progressed and what next stage/trends of adoption/value creation will go on to define the industry. So far this cycle reveals two key things for me: Firstly, there have been no large risk management failures leading to large institutional failures or widespread systemic risks. In the previous cycle you had FTX and multiple lenders cleaned out through large price drops, this time around I am pleasantly surprised to see none of that or at least none of it at any system wide scale. If the crypto industry and its systems are able to successfully weather large drawdowns in price and liquidity issues then it is a more reliable place to put both retail/client capital and institutional capital. This time has been much better managed than last time. Secondly, real world asset migration on-chain continues to accelerate regardless of Bitcoin/Cryptocurrency prices, signaling that having real world assets on-chain is not tightly coupled to crpytocurrency prices but provides its own unique value that can grow irrespective of market pricing of Bitcoin or other crypto assets. We have seen RWA issuance continue to grow and we've seen leading on-chain perp markets rival tradfi perp markets for very traditional commodities like silver, especially in periods when trading in permissioned traditional markets became harder or more risky vs trading in on-chain permissionless markets. As more and more RWA data goes on-chain to make perps work correctly for more asset types and as more on-chain value is generated as RWAs themselves, I expect these dynamics to only increase regardless of crypto prices. These are both very positive signals for the assumptions I have been making about three key trends I am expecting to work together to reshape our industry in the next stage of its growth into mainstream adoption. Firstly, on-chain perps about real world assets and tokenization of the assets on-chain has unique and durable long-term value which is growing regardless of any other dynamics. It is the value of 24/7/365 markets, on-chain collateral management and on-chain data. Secondly, institutional adoption of our industry will be driven by the fundamental/technology value it provides, accelerated by access to permissionless/always on markets in DeFi, which will grow massively as a result. Thirdly, the infrastructure that will make RWAs possible will be experiencing much more demand as more of the real world finds itself on-chain. As more RWAs have to go on-chain as perps via on-chan data or tokenization itself and as those RWAs are increasingly complex in how they need to work on-chain, more systems will need to interface with chains to enable those RWAs. The first two trends are inevitable market forces that are now accelerating regardless of cryptocurrency prices, that is the real insight I see from this part of the cycle. The third trend is where Chainlink is providing the key global standards/protocols/infrastructure that is needed for providing the data, connectivity and orchestration that accelerates the first two trends. Data is what allows most RWAs to exist on-chain at all. Market data for on-chain perps e.g. on-chain silver markets, Proof of Reserves for Stablecoins, NAV for Tokenized Funds to operate on-chain and many other examples touching every category of RWAs. Chainlink is the largest provider of data to the leading blockchains by far and is successfully servicing the vast majority of DeFi for all their data needs with 70%+ market share. Our new launches with leading institutional data providers like S&P, ICE and many others put Chainlink in a similar position in the growing institutional RWA world. Connectivity to both other chains and existing backend/accounting/risk management systems is key for liquidity. The ability to connect to the other chains as a system of record/source of liquidity and to the existing centralized systems of record/sources of liquidity are key for scaling RWA adoption globally. Chainlink is the leading provider of these capabilities to institutions and has been chosen by the leading security teams in Web3 to be their official bridging provider due to a superior reliability/security track record. Chainlink is also the only system that successfully pulls TradFi payments into on-chain transactions across multiple chains, integrating existing sources of liquidity and new sources of liquidity into one interoperability layer. Orchestration is the process of coordinating multiple systems into one workflow/transaction that defines the core value an application is providing to its users. Coordinating between multiple chains, multiple off-chain systems, multiple market data sources and now multiple AIs is a key function that some system needs to play for the more advanced RWAs to function properly. The Chainlink Runtime Environment seems to be the only environment in which you can currently run a workflow that can coordinate all of these key systems into a single application, already in use by enterprises and with advanced integrations into many key systems. Orchestration has an additional critical component of creating privacy, which there are now new and exciting solutions for being built on CRE. More to come on truly useful privacy as a key feature of CRE's orchestration. If these trends continue I believe what I have been saying for years will happen; on-chain RWAs will surpass cryptocurrency in the total value in our industry and what our industry is about will fundamentally change. This shift will also lead to cryptocurrency's growth as an asset class that benefits from more capital on-chain, but RWAs is how all of this goes mainstream. I have never been more excited about our industry's potential to become the way a better version of the global financial system works to benefit all of us.

Excited to see that being the most secure cross chain technology across DeFi and TradFi is attractive to top technical teams who do deep diligence and security review. I also think that being able to provide real reliability for a bridge during cloud outages like AWS, while other bridging systems go down for extended time periods, is a large advantage when being considered by highly technical teams that want high uptime/reliable systems. I personally feel that all the security and reliability work that was put into CCIP is starting to pay off, which feels very familiar from when Chainlink was chosen to power the top DeFi and TradFi systems with the most secure and reliable data. I think the consistent security and reliability properties of Chainlink will continue to make the choice of top teams and institutions in our industry.

Yes, we are early with RWAs outside stablecoins being in the ~$20Bn range, but it is also inevitable that institutional tokenization across a connected set of chains and existing systems takes hold and reinvents the entire financial system. It is inevitable and will happen slowly and then all at once, just like the internet.

Very excited about SmartCon this year, long list of amazing speakers from across DeFi and TradFi.

Here comes the institutional data... should be fun.

This years SIBOS is the biggest one yet for Chainlink. Moving our work forward with Swift on interoperability, as well as announcing our work with the DTCC, Euroclear, UBS, DBS, BNP and many others on solving key problems like corporate actions for successful institutional tokenization by the TradFi industry. Digital Transfer Agency launching with UBS and DataLink launching with Deutsche Borse are also very big because Chainlink clearly solves two of institutional tokenization's largest challenges; on-chain transfer agency and institutional grade data for digital assets. At this SIBOS I think it has become clear to everyone in the TradFi and DeFi community that the Chainlink Stack is the only system where you can get all of your digital asset challenges solved using a single standard. It is important to remember that solving just one of these problems is not enough to make institutional transactions happen on-chain at scale. Institutional tokenization and institutional capital flows in the trillions require multiple conditions to be met; on-chain data, cross-chain connectivity, on-chain compliance, on-chain asset servicing e.g. corporate actions, legally binding transfers e.g. transfer agency and many others depending on the use case. If we want institutional tokenization to happen at scale and for that scale to turn into trillions of dollars in capital flowing on-chain, there needs to be a single global standard that solves these problems on-chain, in a way that works for both the institution and the regulators they are overseen by. More to come and very excited about the Chainlink Stacks ability to solve these problems in one standard.

The great work done by the SEC’s Project Crypto has helped define how tokenized infrastructure can align with existing U.S. regulatory frameworks, an area long overdue for clarity. That groundwork is now advancing into joint roundtable discussions between the SEC and CFTC around regulatory harmonization, an increasingly strong signal that the United States is positioning itself to lead in the next phase of global finance, underpinned by decentralized infrastructure. I’m also excited to see @michaelselig being considered for the CFTC Chair. His experience as Chief Counsel of the SEC’s Crypto Task Force and as Senior Advisor to the Chairman gives him a rare combination of legal and technical expertise to navigate the U.S. through this turning point in financial innovation.

Great meeting today with @SenatorTimScott, Chairman of the Senate Banking Committee, the group working on the critical new market structure bill going to the senate. This new version of the market structure bill has many advantages over past versions, enabling our industry to rapidly grow in the US with fewer limitations. I am excited by the urgency with which Senator Scott is moving this critical piece of legislation forward and how he is focused on solidifying a long-term approach by the US government towards our industry's future growth. I think our entire industry should be grateful to Senator Scott for his great work on the recently passed Genius Act and his continued efforts to create clear legislation for our industry's bright future. Thank you Senator Scott.

I am truly impressed by the @realDonaldTrump administration's thoughtful approach to helping the blockchain industry achieve its full potential in the united states and beyond. I think the president's clear placing of our industry as a national priority will be seen as a critical and historic moment for our industry and for the united states financial system's role globally. This recent report highlights some of the key points that the white house has been considering. It is telling that the first few pages of the report are about oracles and clearly highlights some of the great work that the Chainlink community has been doing to bring smart contracts to the next stage of their evolution, clearly mentioning the Cross Chain Interoperability Protocol (CCIP).