Crypto Blog
Chainlink prices have exploded by over 36% to an almost two-year high, topping $26 during late trading on Dec. 2.
LINK has more than doubled in price over the past month, climbing from below $11 in early November to today’s peak, which is the highest it has been since January 2022. Most of those gains have come in the past few hours. The asset had cooled a little to trade at just over $24 during the Tuesday morning Asian session, according to Coingecko.Scheduled to launch in Q1 2025, the platform will operate under Germany’s Federal Financial Supervisory Authority supervision and leverage Chainlink’s technology for several key functions.
These include providing secure and accurate price data feeds for listed products, enabling cross-chain interoperability through Chainlink’s Cross-Chain Interoperability Protocol , and facilitating access to assets and stablecoins across multiple blockchain protocols.Max Heinzle, founder and CEO of 21X, praised the partnership adding that they were putting in place “all the elements required to launch Europe’s first tokenized securities market infrastructure under the EU’s DLT Regime.
The partnership aims to support the institutional adoption of tokenized securities, allowing smart contract-based issuance, trading, and settlement of stocks, bonds, and funds.“By leveraging the Chainlink standard, 21X will ensure its matching and settlement system is underpinned by highly accurate and reliable market data, while CCIP will enable users to access a wide variety of assets from across the digital asset economy.”On Dec.
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