Frictionless Flash Bulletins

Frictionless Markets Expands Network Coverage to Arbitrum

Written by Frictionless Markets | September 18, 2024 10:59:17 PM Z

 

Frictionless Markets is proud to announce a significant expansion of its network, extending our coverage to Arbitrum, one of the leading Layer-2 scaling solutions for Ethereum. This strategic development paves the way for seamless cross-chain transfers of our tokenized Institutional Deposit Tokens and Institutional Cash Funds, setting the stage for a truly frictionless capital market infrastructure across multiple blockchains.

A Leap Towards Cross-Chain Interoperability

Frictionless Markets has always been at the forefront of innovation in capital markets. By integrating with Arbitrum, we are taking a giant step towards making cross-chain interoperability a reality for institutional investors. Our goal is to provide broad access to institutional-grade financial instruments while facilitating the smooth transferability and aggregation of liquidity across all major blockchains.

This initiative has been further strengthened by the support of the RWAIG Arbitrum Grant, which Frictionless Markets proudly won. This grant enables us to deepen our commitment to the blockchain ecosystem by fostering real-world asset integration on Arbitrum’s high-performance network.

Powered by Chainlink CCIP for Secure and Instant Transfers

To ensure the secure, scalable, and instant transferability of our tokenized cash and securities across chains, we have selected Chainlink CCIP (Cross-Chain Interoperability Protocol) as our cross chain transfer and intelligent routing solution. Chainlink’s robust and proven infrastructure will play a crucial role in guaranteeing that tokenized assets on Frictionless Markets can move freely across major blockchains while maintaining the highest levels of security and reliability.

This partnership will enable the transfer of our tokenized assets including Institutional Deposit Tokens and Institutional Cash Funds, which are exclusively invested in BlackRock ICS Funds across Ethereum, Arbitrum, BASE, Polygon and our treasury chain Avalanche, along with, other prominent blockchain networks. By leveraging Chainlink's decentralized oracle network, we ensure that each transaction is forensically auditable and conducted with full regulatory oversight, bringing both security and peace of mind to institutional investors.

A New Era of Liquidity Aggregation and Transferability

The expansion to Arbitrum and our partnership with Chainlink CCIP brings us closer to realizing our mission of providing seamless and instant liquidity aggregation across all major blockchains. By supporting cross-chain transfers, Frictionless Markets aims to eliminate the friction traditionally associated with asset movement between networks, thereby unlocking greater liquidity and flexibility for institutional investors.

Whether it's converting JPY into higher-yielding US Treasuries or transferring cash funds across borders, the ability to instantly and securely move tokenized cash and securities across different blockchains will bring new efficiency to institutional capital markets.

The Future of Institutional Finance is Cross-Chain

At Frictionless Markets, we are committed to pushing the boundaries of what is possible in institutional finance. Our expansion to Arbitrum, combined with the cross-chain functionality enabled by Chainlink CCIP, lays the foundation for a global, multi-chain ecosystem where institutional-grade assets are easily accessible, transferable, and tradable.

This evolution is only the beginning. As we continue to build out our cross-chain infrastructure, we envision a future where institutional investors can seamlessly move assets across a global network of blockchain-based markets—unlocking a new era of interoperability, liquidity, and efficiency in institutional finance.

Stay tuned for further updates as we continue to transform the capital markets with instant, secure, and frictionless asset transfers.