Chainlink (LINK) co-founder Sergey Nazarov says major financial institutions around the world are primed to start utilizing his project soon.

Nazarov notes in a new YouTube video that the decentralized oracle network is arriving at a point where financial institutions have been reaching out for help with various projects.

“At this point, I’ve been – between last year and this year so far – almost everywhere. Last year, we covered a lot of Asia, the Middle East, Australia, many of the top environments where cryptocurrencies and blockchains are getting adopted. This year, with the new stance on regulation in the US, we are very heavily covering all of the US institutions in addition to continuing to cover those in Asia and the Middle East.

So I can’t mention exact names, because they want to wait to announce, they have all these processes with NDAs (non-disclosure agreements). It’s a very tightly controlled process, but I would say between last year and this year, we’re in various stages of conversations with probably all the top institutions in those geographies.

I think that those top institutions basically want to use the solution that solves all their problems, is used by the other top-tier banks and players, has all the functionality they want, whether that’s identity, data connectivity, orchestration.

And there’s really no system other than Chainlink that meets that high standard.”

LINK is trading at $14.50 at time of writing. The 16th-ranked crypto asset by market cap is up more than 5.5% in the past 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Chainlink (LINK) creator Sergey Nazarov says that the Trump Administration’s recent embrace of digital assets could be what the US needs to cement its global financial dominance.

Speaking at the first ever White House Crypto Summit in Washington, D.C. with other industry leaders, Nazarov says he’s grateful for President Trump’s circle of experts finally taking the industry seriously after years of anti-crypto regulation.

Addressing Trump, Nazarov says,

“I just want to express my deep gratitude for the seriousness with which you are approaching our industry and how you’re actually helping guide it in the right direction. I work with many central banks in other countries and when I was working there I was wondering why, I, as an American citizen, can’t help the United States financial system reach this higher level that the world is on course toward generally, and so I’m very grateful that finally there’s been a new level of common sense and adoption of these ideas.

Me and the other people in this room do believe that the crypto, blockchain, and Web3 infrastructure is the next iteration of the financial system, and I think that the US should have its leadership position continue in that new financial system, and I’m very, very happy to see people like David Sacks, Secretary Bessent, Secretary Lutnick taking this very seriously with their time… 

I’m just overjoyed to see this, and I think it’s a big part of how the US can continue its role in the global financial system.”

Trump says he believes it’s critical for the US to lead China and other competitors when it comes to crypto.

“I thought it was very important that we stay in the front of this one. This is a big one. As you know, China is pushing forward very strongly as usual, but we’re way in the lead as we are in AI (artificial intelligence) and other things, and we want to stay there, so I thought this was very important and we have some brilliant people sitting around this table.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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