Chainlink VP Sees Korean Digital Asset Market Booming Post-Regulation

Niki Ariyasinghe, Vice President of Chainlink Labs Asia-Pacific and Middle East, believes that once digital asset regulation is completed in Korea, the market will take off at a tremendous pace.

Ariyasinghe told Maeil Business Newspaper, 'I know that Koreans are frustrated with the slow pace of change in the Korean digital asset market,' but added, 'From the standpoint we have been watching from the side, the time and efforts invested by Korean institutions and regulators seem to be the timing to start to come to fruition.'

Chainlink has a mission to enable safe and reliable growth of on-chain finance, divided into three aspects: 'Oracle,' which brings off-chain data to the on-chain, 'Crosschain,' which connects chains, and building a payment system through the connection between blockchain and off-chain systems.

Ariyasinghe emphasized that Chainlink is creating integrated solutions for regulated financial markets, not just for Web3. He explained, 'In addition to simply connecting chains and linking data and systems, regulatory compliance and privacy protection are needed.'