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 the first quarter of 2025. The platform will be supervised by the German 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 via multiple blockchain protocols. The partnership aims to support the institutional adoption of tokenized securities by enabling the issuance, trading and settlement of shares, bonds and funds based on smart contracts.
The blockchain oracle provider’s native token has soared following the announcement of a new securities tokenization partnership in Europe. Chainlink’s price has risen more than 36% to a nearly two-year high, surpassing $26 in late trading on December 2. LINK has more than doubled in the past month, from under $11 in early November to today’s peak, the highest since January. 2022.
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