Chainlink prices have exploded by over 36% to an almost two-year high, topping $26 during late trading on Dec. 2.<\/p>\n
LINK has more than doubled in price over the past month, climbing from below $11 in early November to today\u2019s peak, which is the highest it has been since January 2022. Most of those gains have come in the past few hours.<\/p>\n
The asset had cooled a little to trade at just over $24 during the Tuesday morning Asian session, according to Coingecko.<\/p>\n
The pair announced<\/a> a partnership between Chainlink and 21X, a Frankfurt-based fintech, to develop Europe\u2019s first EU-regulated financial market infrastructure for tokenized securities<\/a>\u00a0on Dec. 2.<\/p>\n Scheduled to launch in Q1 2025, the platform will operate under Germany\u2019s Federal Financial Supervisory Authority (BaFin) supervision and leverage Chainlink\u2019s technology for several key functions.<\/p>\n These include providing secure and accurate price data feeds for listed products, enabling cross-chain interoperability through Chainlink\u2019s Cross-Chain Interoperability Protocol (CCIP), and facilitating access to assets and stablecoins across multiple blockchain protocols.<\/p>\n We\u2019re excited to announce Europe\u2019s first tokenized securities trading & settlement system\u201421X (@tradeon21x<\/a>)\u2014is adopting the #Chainlink<\/a> standard.<\/p>\n Price Feeds will underpin 21X\u2019s trading engine & CCIP will connect it to assets across the onchain economy: https:\/\/t.co\/ACGrBKuduL<\/a> pic.twitter.com\/BYKSBGUFp8<\/a><\/p>\n \u2014 Chainlink (@chainlink) December 2, 2024<\/a><\/p>\n\n Max Heinzle, founder and CEO of 21X, praised the partnership adding that they were putting in place \u201call the elements required to launch Europe\u2019s first tokenized securities market infrastructure under the EU\u2019s DLT Regime.\u201d<\/p>\n The partnership aims to support the institutional adoption of tokenized securities, allowing smart contract-based issuance, trading, and settlement of stocks, bonds, and funds.<\/p>\n Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, stated:<\/p>\n \u201cBy leveraging the Chainlink standard, 21X will ensure its matching and settlement system is underpinned by highly accurate and reliable market data, while CCIP will enable users to access a wide variety of assets from across the digital asset economy.\u201d<\/p>\n On Dec. 3, Chainlink retweeted a November blog post on its progress with traditional financial institutions and banks, which may have added to the momentum.<\/p>\n Some of those partnerships include major TradFi players<\/a> such as Swift, JPMorgan, Citi Group, Franklin Templeton, Fidelity, Lloyds, ANZ Bank<\/a>, and BNY Mellon.<\/p>\n \u2b21 Swift \u2014 Chainlink (@chainlink) December 2, 2024<\/a><\/p>\n\n Meanwhile, ecosystem ambassador Zach Rynes said that LINK was more of a \u2018bank coin\u2019 than XRP.<\/p>\n \u201cRipple likes to take well-established concepts, repackage them, and present them as a whole new thing,\u201d he said<\/a> before highlighting Chainlink\u2019s TradFi ties in a separate post on X.<\/p>\n The post Chainlink (LINK) Explodes 37% to 2-Year High on EU Tokenized Securities Partnership<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Chainlink prices have exploded by over 36% to an almost two-year high, topping $26 during late trading on Dec. 2. LINK has more than doubled in price over the past month, climbing from below $11 in early November to today\u2019s peak, which is the highest it has been since January 2022. Most of those gains […]<\/p>\n","protected":false},"author":0,"featured_media":25246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25245"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25245"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25246"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Deeper Ties With TradFi<\/h2>\n
\n\u2b21 Depository Trust and Clearing Corporation (DTCC)
\n\u2b21 Euroclear
\n\u2b21 Clearstream
\n\u2b21 Central Bank of Brazil
\n\u2b21 JP Morgan
\n\u2b21 State Street
\n\u2b21 UBS
\n\u2b21 BNY Mellon
\n\u2b21 Citi
\n\u2b21 BNP Paribas
\n\u2b21 Edward Jones
\n\u2b21 Franklin Templeton
\n\u2b21 Wellington Management
\n\u2b21 Invesco
\n\u2b21 Fidelity\u2026 pic.twitter.com\/IXVzfCt3Vz<\/a><\/p>\n