CandleFocus ? Chainlink (LINK) Explodes 37% to 2-Year High on EU Tokenized Securities Partnership
2024-12-03
Author: Content Editor
Chainlink's prices have surged by over 36% to reach an almost two-year high of $26. The cryptocurrency has more than doubled in price over the past month, with much of the gains occurring in the past few hours. This surge in price comes as Chainlink announced a partnership with Frankfurt-based fintech firm 21X to develop Europe's first EU-regulated financial market infrastructure for tokenized securities. The platform, set to launch in Q1 2025, will operate under Germany's Federal Financial Supervisory Authority (BaFin) and will leverage Chainlink's technology for secure price data feeds, cross-chain interoperability, and access to assets across multiple blockchain protocols. Chainlink also highlighted its partnerships with several traditional financial institutions and banks, including Swift, JPMorgan, and Citi Group.
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