Summary:
- Chainlink Perspective to Other in the Crypto Blockchain World
- Chainlink Gaining within Traditional Finance
Price Performance / Perspective with others engaged with Crypto & Blockchain.
| 2.23 ‘24 | 2.23 ‘24 | 2.23 ‘24 | ||
| Names | Symbol | Price | Return 1-yr | Return 5-yr |
| Bitcoin | BTCUSD | $51,092 | 110% | 1398% |
| Galaxy Digital | BRPHF | $9.32 | 118% | 788% |
| Marathon Digital | MARA | $24.01 | 225% | 1665% |
| Ethereum | ETHUSD | $2,949 | 75% | 2687% |
| Solana | SOLUSD | $101.25 | 308% | 150% |
| ChainLink | LINKUSD | $18.17 | 127% | 4539% |
Returns sourced from TradingView
Chainlink (LINK) $18.48 is rapidly being brought into the Traditional Finance, also called TradFi, network. This presents a opportunity for ownership of a technology that speeds up productivity and efficiency in finance and banking. More industries are close behind. Examples include Event ticketing and Transportation of product, both domestic and especially internationally.
Sourced from CoinGecko.com
In finance, the first move is tokenization of securities and commodities in applications for purchases, sales and record keeping Chainlink interlinks securities and commodities over the internet with multiple trading exchanges and asset managers. Asset managers, as with Franklin (linked below) are using Chainlink in their daily pricing and reporting to clients. In the banking industry tokenization of assets related to loans and transfer of money, both domestic and internationally. The international transfer system known as SWIFT has integrated Chainlink into its international transfer of funds.
Chainlink’s strength is that Chainlink allows tokenized assets to interact with multiple other blockchains, crypto and traditional systems. The major interaction Chainlink enables interacts with is the internet. At this time Chainlink is the industry leader in this process. There are other cryptos active in this area, but Chainlink is the industry leader.
We encourage you to skim the articles linked below and decide for yourself the progress Chainlink made into the TradFi network.
As the world tilts towards a more digitized financial system, Chainlink—a champion in the arena of blockchain technology—gears up to stride into production deployments. Through its work with over 40 global institutions, Chainlink appears primed to steer the future of tokenized assets according to insights provided by industry expert, Niki Ariyasinghe.
2. Telefónica Partners Chainlink to Improve Web3 Security and Prevent SIM Swap Attacks – Coinspeaker
To combat fraud, Telefónica and Chainlink plan to leverage Chainlink Functions, a Web3 developer solution, to connect Telefónica’s OpenGateway APIs with the GSMA Open Gateway. Telefónica, a global telecom giant based in Spain, has secured a strategic partnership with Chainlink, a decentralized oracle network, to enhance security and functionality in the Web3 ecosystem.
3) Chainlink Boss Claims RWA Tokenization is Already Here — Is This True? – CCN News
The push towards tokenization in the financial sector is not just theoretical but already in progress. Major banks across the globe are moving beyond the experimental phase. They are currently transitioning from testnet trials to mainnet launches. This, in turn, is setting the stage for the support of tokenized assets worth trillions.
4) Banking Giants Abuzz About Tokenization of Real-World Assets as DeFi Craves Collateral – Coindesk
JPMorgan, Citi and Franklin Templeton are digitizing traditional assets. Will they end up trading on crypto networks like Ethereum?
5) Chainlink, Swift Complete Tokenization Tests With Citi Bank, BNY Mellon, and Others – Decrypt.co
Swift, Chainlink, and 10 banks teamed up to test the ability to move financial assets across traditional rails and blockchain networks.
6) This $50 billion Australian bank is making a big bet on tokenization The Street.com
ANZ, which manages $1.09 trillion, just took a major step in bridging the worlds of cryptocurrency and traditional finance.
7) How Chainlink makes money:
Chainlink collects a small fee every time it is used. The link below explains in detail how it is calculated.
Cost of using Chainlink Automation.
The news list above tells how traditional finance companies are migrating towards Blockchain & Crypto. The list could go on and on. Viza, Mastercard and Fidelity along with many other names are deeply committed to integrating Crypto/Blockchain into their systems. Time to give up the attitude that Bitcoin/Crypto is for criminals and worthless.
In summary Crypto and Blockchain is real it is being used today and its presence will only grow stronger. In time everything of value will be on a blockchain. Chainlink is a key tool to allow crypto and blockchains to interact with each other. If this is a area of interest to you, we suggest taking a long-term view and accumulate on a dollar-cost-averaging basis over a three to five year period. This is our opinion it is not investment advice.
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