Grayscale Calls Chainlink ‘Essential Infrastructure’ for Tokenized Finance in New Research

Grayscale's recent report highlights Chainlink as critical infrastructure for the burgeoning market of tokenized assets, which is currently valued at approximately $35 billion. The report emphasizes Chainlink's various services, such as real-world data feeds and blockchain interoperability, which facilitate wider adoption of blockchain-based finance. Chainlink is renowned for its oracles, which feed off-chain data to smart contracts, but its Cross-Chain Interoperability Protocol (CCIP) enhances its capabilities by allowing the transfer of tokens and messages between different blockchains. Grayscale suggests that as traditional markets, including major firms like S&P Global and FTSE Russell, explore on-chain solutions, the demand for Chainlink's services may significantly increase. The firm's report coincides with its filing to convert its $29 million Chainlink Trust into an exchange-traded fund (ETF) to be listed on NYSE Arca, potentially marking a significant step in integrating crypto assets with traditional finance.

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