Grayscale says Chainlink will sit at the center of tokenized finance, calling LINK the “critical connective tissue” linking blockchains with real-world assets and cross-chain settlement.
Grayscale has said that Chainlink will be at the center of the next major phase of blockchain adoption, referring to the project as the “critical connective tissue” that links crypto to traditional finance.
)’s growing suite of software tools is emerging as essential infrastructure for tokenization, crosschain settlement and the broader shift toward real-world assets on blockchain rails. “A more accurate description of Chainlink today would be modular middleware that lets on-chain applications safely use off-chain data, interact across blockchains, and meet enterprise-grade compliance needs,” Grayscale wrote. The company added that this expanding footprint has helped turn LINK into the largest non–layer 1 crypto asset by market cap , giving investors exposure to multiple ecosystems rather than a single chain. According to Grayscale, tokenization is the clearest pathway where Chainlink’s value becomes obvious. Today, nearly all financial assets, from securities to real estate, are still recorded on off-chain ledgers. For these assets to gain the efficiency and programmability of blockchains, they must be tokenized, verified and connected to external data sources. “We expect Chainlink to play a central role orchestrating the process of tokenization, and it has announced a variety of partnerships, including with S&P Global and FTSE/Russel, that should help it do so,” the asset manager wrote.completed a crosschain delivery-versus-payment The pilot connected Kinexys Digital Payments, JPMorgan’s permissioned payment network, with Ondo Chain’s testnet, which specializes in tokenized real-world assets. Using Chainlink’s Runtime Environment as the coordination layer, the settlement exchanged Ondo’s tokenized US Treasurys fund, OUSG, for fiat payment without the assets leaving their native chains.Price predictions 11/21: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, ZEC, BCH
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nest New York, Artist Donald Robertson Link Up to Scent Fifth Avenue With Limited-edition Holiday FragranceNest New York partners with artist Donald Robertson on a new limited-edition holiday collection and its annual Fifth Avenue scent activation.
Read more »
Grayscale's DOGE, XRP ETFs to Go Live on NYSE MondayRival crypto asset manager Bitwise launched its XRP ETF earlier this week.
Read more »
Doctors rebuke CDC for linking vaccines, autismThe updated page casts aside decades of research by scientists around the world, which has found no link between childhood vaccines and autism.
Read more »
Rock revetment repaired along San Diego County’s only railroad link to the northBoulders replaced after movement in storm surge and high tides; stabilization projects continue
Read more »
Grayscale's Dogecoin and XRP ETFs tee up to launch on Monday following NYSE approvalsThe NYSE Arca has approved the listings for Grayscale’s Dogecoin and XRP ETFs, clearing the way for both products to launch on Monday.
Read more »
Grayscale Calls Chainlink ‘Essential Infrastructure’ for Tokenized Finance in New ResearchGrayscale's report comes shortly after it filed to convert its Chainlink Trust into an exchange-traded fund (ETF) that would trade on NYSE Arca.
Read more »