Grayscale has released a report highlighting Chainlink's crucial role in tokenized finance, referring to it as the "critical connective tissue" between traditional finance and blockchain systems. Here's what you need to know :
- #Chainlink Role : Chainlink's infrastructure enables secure access to real-world data, powers smart contracts, and supports interoperability between blockchains, making it essential for tokenized finance.
- Tokenized Asset Market: The current market is
estimated to be around $35 billion, representing only 0.01% of the total global fixed income and equity securities market. However, this market has grown significantly from $5 billion in early 2023.
- Grayscale's Filing: Grayscale has filed to convert its $29 million Chainlink Trust into an exchange-traded fund (ETF) that would trade on NYSE Arca under the ticker "GLNK". This move suggests that Grayscale sees Chainlink as a long-term infrastructure investment within the blockchain ecosystem.
- Chainlink's Integration: Chainlink has formed partnerships with major financial data providers such as S&P Global and FTSE Russell, enabling traditional markets to interact with blockchain networks using verified data and secure messaging.
- #LINK Token: Grayscale views the LINK token as offering diversified exposure to crypto's infrastructure layer, with its value tied to the network's cross-chain reach and adoption in tokenization projects.
Chainlink's current price is $12.52, with a market capitalization of $9.33 billion .
