Grayscale considers Chainlink to be the “connective tissue” that links crypto with traditional finance and thus is positioned at the center of the next big stage of blockchain adoption.
The asset manager, in its report, says that the ever-increasing Chainlink toolkit is becoming the major infrastructure for tokenization, cross-chain settlement, and the gradual transition of putting real assets on blockchain networks.
Grayscale further stated that Chainlink operates as modular middleware nowadays allowing on-chain apps to access real-world data securely, interact with different blockchains and comply with enterprise-level requirements.
The company remarked that this expanded role has been a factor in LINK rising to the position of the largest non-layer 1 crypto asset by market cap (stablecoins excluded), providing investors with the opportunity to participate in multiple ecosystems instead of being restricted to a single chain.
Chainlink’s Role in the Tokenization Boom
Grayscale says tokenization is the strongest example of where Chainlink’s value truly stands out. Most financial assets today, including stocks, bonds and real estate, still sit on traditional, off-chain ledgers. To benefit from blockchain efficiency and automation, these assets need to be tokenized, verified, and linked to reliable external data.
“We expect Chainlink to play a central role orchestrating the process of tokenization, and it has announced a variety of partnerships, including with S&P Global and FTSE/Russel, that should help it do so.”
Grayscale
The tokenized-asset market has already expanded from about $5 billion to more than $35.6 billion since early 2023, according to RWA.xyz.
