Overview
- Grayscale filed to convert its Chainlink Trust into a spot ETF on NYSE Arca under the ticker GLNK with a staking feature, which remains subject to regulatory approval.
- The research characterizes Chainlink as core middleware that delivers real‑world data, compliance controls, and cross‑chain messaging through CCIP.
- The paper cites institutional testing, including a delivery‑versus‑payment pilot connecting JPMorgan’s Kinexys and Ondo Finance coordinated by Chainlink’s runtime environment.
- Grayscale estimates tokenized assets at about $35 billion today, roughly 0.01% of global fixed income and equity value after growing from around $5 billion in early 2023.
- LINK is framed as diversified exposure to the crypto infrastructure layer across multiple ecosystems, with value capture tied to oracle operations, cross‑network messaging, and staking incentives.