Compass Investments

– Chainlink (LINK) co-founder Sergey Nazarov said that major financial institutions around the world are planning to start using his development soon. Nazarov stressed in a new YouTube video that the decentralized oracle network is now at a stage where financial institutions are already actively interested in various projects.

At this point, he’s been – between last year and this year – pretty much everywhere. In the last year, he’s been to Asia, the Middle East, Australia, a lot of advanced countries where cryptocurrencies and blockchain have found their use.

This year, because of the new U.S. regulatory stance, he is working very closely with all U.S. organizations, and he is also continuing to work with institutions in Asia and the Middle East.

So he can’t give exact names because they prefer to wait to announce, they have all these NDA (non-disclosure agreement) processes involved.

It’s a highly controlled process, but he would like to point out that from last year to this year, they are in various stages of discussion, probably with all the major institutions in those regions.