Chainlink’s LINK Soars, Outperforming Other Crypto Majors


18 Sep 2023 6:47 PM

The uptick comes as the company has secured a number of notable partnerships with traditional finance institutions....

  • The LINK token from Chainlink, a decentralized oracle network on Ethereum, has surged over 10% due to new partnerships with traditional financial institutions.
  • Chainlink's deal with SWIFT, the interbank messaging system, is driving optimism and scaling tokenized asset adoption.
  • Chainlink's co-founder spoke at SWIFT's event, discussing cross-chain settlement using Chainlink's Cross-Chain Interoperability Protocol (CCIP).
  • Chainlink and Depository Trust and Clearing Corporation (DTCC) collaborated on Swift's Blockchain interoperability project.
  • ANZ, a banking group, used Chainlink's CCIP to complete a cross-chain purchase of tokenized assets with A$DC, an ANZ-issued stablecoin.
  • Four Chainlink wallets transferred out 18.75 million LINK tokens, with 15 million deposited to Binance and 3 million sent to a multisig address.
  • The Chainlink wallet has been regularly depositing LINK to Binance every three months since August 2022, totaling over 71 million LINK.

The sentiment of the article is positive overall, highlighting the surge in the LINK token's value and the partnerships with traditional financial institutions.

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You May Ask

What is driving the surge in the LINK token's value?Which interbank messaging system did Chainlink partner with for scaling tokenized asset adoption?What is Chainlink's Cross-Chain Interoperability Protocol (CCIP) used for?Which financial institutions collaborated with Chainlink on Swift's Blockchain interoperability project?How many LINK tokens were transferred out by the Chainlink wallets, and where were they deposited?

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