Crypto
Chainlink Soars on SEC Tokenization Approval and Banking Integration
Chainlink's LINK token surged 3.5% on Thursday to reach $11.78, buoyed by significant institutional developments and regulatory progress in the US.
The SEC granted a conditional five-year exemption enabling blockchain-based trading platforms for tokenized American equities, preserving identical shareholder rights as conventional shares.
Bottomline introduced Global Pay Connect, linking over 600 financial institutions through Chainlink's CCIP infrastructure, while BitGo designated Chainlink as the sole cross-chain provider for its multibillion-dollar Wrapped Bitcoin infrastructure.