Grayscale Calls Chainlink the 'Critical Connective Tissue' of Tokenized Finance

Chainlink’s native token LINK jumped sharply on Wednesday, delivering strong intraday gains that outpaced XRP. Traders pointed to renewed demand for oracle services and DeFi integrations as possible drivers.

21Shares updated its spot Dogecoin ETF filing with the SEC, clarifying fees and other operational details ahead of a planned launch later this month alongside Grayscale and Bitwise. The disclosure could support DOGE liquidity and investor confidence as the token continues its rally.

BlackRock executives told investors tokenization is the key to integrating crypto with mainstream finance, pointing to the firm's scale and its $2.8 billion tokenized cash market fund as proof of commitment. They see tokenized assets easing settlement and expanding access for institutional clients.

Kraken announced it will acquire Switzerland-based Backed Finance, the tokenization firm it has already partnered with on its xStocks tokenized equity product. The deal aims to deepen Kraken’s real-world asset capabilities and expand its tokenized equity offering.

Grayscale has received approval to proceed with the first spot Chainlink (LINK) ETF, marking the asset manager’s third fund launch in just two weeks. The move highlights growing institutional appetite for oracle-token exposure.