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Grayscale Elevates Chainlink as Tokenization Backbone, Pursues GLNK ETF Listing

The asset manager filed to convert a $29 million Chainlink trust into a proposed NYSE Arca ETF named GLNK.

Overview

  • A new Grayscale report describes Chainlink as the “critical connective tissue” and essential infrastructure for blockchain‑based finance.
  • The research spotlights oracle data feeds, compliance tooling, and Chainlink’s CCIP for cross‑chain token and message transfers.
  • Cited pilots include a delivery‑versus‑payment test linking J.P. Morgan’s Kinexys network with Ondo Finance using Chainlink services.
  • Grayscale has applied to convert its $29 million Chainlink Trust into an NYSE Arca ETF under the ticker GLNK, which could include staking features pending regulatory approval.
  • Grayscale notes integrations with S&P Global and FTSE Russell as institutional on‑ramps, while estimating tokenized assets at about $35 billion, roughly 0.01% of global fixed income and equities.