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Grayscale Calls Chainlink the Backbone of Tokenized Finance, Seeks GLNK ETF Listing

Grayscale says recent bank pilots and data‑provider ties show Chainlink’s expanding role in tokenized finance.

Overview

  • Grayscale’s new research labels Chainlink “essential infrastructure,” citing real‑world data feeds, compliance tooling, and cross‑chain interoperability as solutions to adoption frictions.
  • The firm has filed to convert its $29 million Chainlink Trust into an NYSE Arca‑listed ETF under the ticker GLNK, with staking features proposed and regulatory approval pending.
  • The report estimates tokenized assets at about $35 billion today, roughly 0.01% of global fixed income and equity value, up from around $5 billion in early 2023.
  • Chainlink’s CCIP was featured in a pilot with J.P. Morgan’s Kinexys and Ondo Finance that demonstrated moving tokens and messages between different blockchains.
  • Grayscale highlights integrations with S&P Global and FTSE Russell, while Chainlink Data Streams’ rollout on Injective delivers ultra‑low‑latency market data for derivatives and other high‑speed products.