Sibos 2024, held in Beijing, served as a key platform for the convergence of traditional finance (TradFi) and decentralized finance (DeFi), showcasing initiatives and discussions led by Chainlink and industry giants such as Euroclear, Swift, and others. Chainlink announced a significant AI initiative aimed at enhancing corporate actions data distribution, highlighting the role of large language models (LLMs) and blockchain in improving efficiency. Sergey Nazarov, Chainlink's Co-Founder, introduced groundbreaking digital asset solutions, focusing on privacy and interoperability across blockchain networks, which are integral for institutional adoption. The event emphasized the critical importance of integrating existing financial standards like Swift and Legal Entity Identifiers (LEIs) to reduce fragmentation and enhance global payment systems. Discussions also covered the potential of tokenization to drive liquidity and sustainability in financial markets, with a focus on the need for robust identity layers and interoperable protocols to facilitate seamless cross-border transactions. The conference marked a shift in sentiment towards the inevitable adoption of blockchain technology in finance, with participants focusing on production-grade projects and the benefits of onchain finance.