DOMANI uses Chainlink CCIP and price feeds to initiate cross-chain bridging of their DEXTF token, enable calculated transformations, and show USD value balances. Chainlink will be responsible for releasing institutional use cases for their protocol.
DOMANI, in turn, is an asset management protocol that strengthens an individual’s capacity to mint, trade, raise and offer liquidity on non-custodial tokenized collectibles. The framework enables building conventional online funds. DOMANI is known to serve the major banking industry and financial institutions as a provider of online asset-controlling frameworks.
The company is tightening CCIP for its high-end security and reliability factor in the Web3 space. Additionally, CCIP supports the risk management network, which continuously tracks and authenticates cross-chain functions related to threat perceptions.
Chainlink CCIP offers several benefits including defense security aspects, programmable and convenient token shifts, and smooth adoptions.
According to Nicola Lanteri, CEO of DOMANI, connecting to Chainlink CCIP and price feeds was a priority in positioning the company as a key player in the digital asset control space.
DOMANI needed the availability of new asset prices, offered on-chain. To this end, an Oracle network was the need of the hour to take collective pricing data off-chain and move it on-chain for their applications.
For the company, in terms of Oracle services, Chainlink price feeds were ideal because of their standard data, secure node operators, decentralized network and total clarity.
DOMANI is an asset management company dedicated to DeFi that offers the ability to mint, trade, raise coins, and provide liquidity across non-custodial oracles without tokenized collectibles.
Chainlink is the benchmark for decentralized computing platforms powering the authentic Internet. It is responsible for executing large volumes of transactions by providing real-time data, off-chain computation, and secure cross-chain interoperability to financial institutions, startups, and builders in any blockchain.