Stop overpaying - start transferring money with Ogvio. Join the waitlist & grab early Rewards NOW! 🎁
Key Takeaways
Stop overpaying - start transferring money with Ogvio. Join the waitlist & grab early Rewards NOW! 🎁
Grayscale has stated that Chainlink will play a key role in connecting traditional finance with blockchain systems.
The company described the project as the “critical connective tissue” that ties digital assets to established markets.
In its recent report, Grayscale explained that Chainlink’s technology is becoming an important layer for the use of tokenized assets and cross-chain activity.
Did you know?
Subscribe - We publish new crypto explainer videos every week!
How to Avoid Major Crypto Investment Risks? (Beginner-Friendly)
The company stated that Chainlink’s tools enable different blockchains and off-chain systems to securely share data.
Grayscale noted that Chainlink’s design functions more like flexible software that connects on-chain applications with external data while meeting the standards that large institutions require.
This setup lets applications exchange verified information, interact across blockchains, and stay compliant with industry rules.
The report also highlighted the impact on Chainlink’s native token, LINK
Grayscale explained that LINK’s reach across many ecosystems means investors gain exposure to multiple platforms instead of depending on one.
According to the report, tokenization is where Chainlink’s value is most visible. Most assets, such as real estate and securities, are still stored in closed databases.
To use blockchain features like automation and transparency, these assets need to be tokenized and connected to trusted external data.
A recent report from a16z suggested that more crypto companies should explore using "arcade tokens" to attract users and build strong digital economies. What did the firm say? Read the full story.
To ensure the highest level of accuracy & most up-to-date information, BitDegree.org is regularly audited & fact-checked by following strict editorial guidelines & review methodology.
Carefully selected industry experts contribute their real-life experience & expertise to BitDegree's content. Our extensive Web3 Expert Network is compiled of professionals from leading companies, research organizations and academia.