Chainlink Takes Lead in Tokenization Trend

Ethereum and Chainlink are both benefiting from the trend of tokenization, but which one will gain more market share? Since 2023, Swift has been testing Chainlink with major banks for cross-border payments. In 2026, over 50 banks joined Project Pangea to facilitate euro and Korean won stablecoin swaps through Chainlink.

Chainlink operates an oracle network that brings external data into blockchain applications, while Ethereum serves as a settlement layer for tokenized assets like bonds and funds. Currently, Ethereum holds more than half of the $31 billion in tokenized assets on public blockchains, excluding stablecoins.

The demand for tokenization is growing, with Chainlink's role expanding as BlackRock's tokenized money market fund, BUIDL, currently holds about $2.8 billion across eight blockchains. Chainlink facilitates interactions between these ledgers, while Ethereum retains the largest volume of assets.