cryptonews.net
Chainlink and 21X, a Frankfurt-based fintech company, announced a partnership on December 2 to develop Europe’s first EU-regulated financial market infrastructure for tokenized securities. The platform is scheduled to launch in Q1 2025. The platform will be overseen by Germany’s Federal Financial Supervisory Authority (BaFin) and will use Chainlink’s technology to perform several key functions.
These include providing secure and accurate price data feeds for listed products, enabling cross-chain interoperability via the Chainlink Cross-Chain Interoperability Protocol (CCIP), and facilitating access to assets and stablecoins across multiple blockchain protocols. The partnership aims to support institutional adoption of tokenized securities by enabling the issuance, trading, and settlement of stocks, bonds, and funds based on smart contracts.
The blockchain oracle provider’s native token has surged after announcing a new securities tokenization partnership in Europe. Chainlink’s price has soared more than 36% to a nearly two-year high, topping $26 in late trading on December 2. LINK has more than doubled in the past month, rising from under $11 in early November to today’s peak, the highest since January 2022.
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