Chainlink is actively working on tokenizing real-world assets and is negotiating with the SEC to discuss the future of cryptocurrency.
Discussion with SEC
Chainlink CEO Sergey Nazarov met with SEC Chairman Paul Atkins to discuss the future of cryptocurrencies and the integration of smart contracts with traditional finance. An upcoming meeting between the SEC and CFTC, scheduled for the end of the month, will also address these issues.
Impact on Real Asset Tokenization
Nazarov highlighted the potential of tokenizing real-world assets, suggesting that this sector could become the largest by market value. Many banks and financial institutions expect the real asset market to exceed $5 trillion. This trend underscores the significance of digital tokenization in the financial sector.
LINK Coin Market
Chainlink's strategic initiatives have not had a significant impact on LINK Coin's price in the short term. Despite recent reserve changes, the price remains at $22. Support at $21.56 could allow a return to the $24-27 range. Closing above $27 would pave the way for a potential rise to $60.
Chainlink continues to ramp up its activity in the real asset tokenization space and anticipates regulatory developments that could substantially change the financial landscape.
