Chainlink’s Deal with SBI Is a Major Win, But Chart Shows LINK’s Battle at $27 Resistance

The partnership will focus on several key use cases including tokenized real-world assets tokenized funds regulated stablecoins

and payment-versus-payment systems A survey from SBI Digital Asset Holdings found that most banks and financial companies (roughly 76%) plan to buy tokenized assets because of faster settlement and lower costs After the announcement Chainlink’s native token LINK saw a small boost of 1% and its Open Interest derivatives reached $875.7 million SBI Group one of Japan’s largest financial companies with over $200 billion in managed assets has teamed up with Chainlink

the leading provider of oracle ￰0￱ partnership is designed to hasten the institutional adoption of digital assets throughout Japan and the wider Asia-Pacific ￰1￱ of the new SBI and Chainlink partnership The focus will be on several key use cases including: Tokenized real-world assets (RWAs) such as real estate and bonds using Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for cross-blockchain interactions Tokenized funds

leveraging Chainlink SmartData to publish real-time net asset value (NAV) information on-chain …