Chainlink 
$16 has established a significant presence in its field, making considerable technical advancements. While it may not perform as well as ephemeral meme coins, many believe in its long-term growth potential. Today’s agreement marks another hopeful development for the LINK Coin.
Chainlink (LINK) News
A partnership has been formed between Chainlink and the Abu Dhabi Global Market (ADGM), an international financial free zone and regulatory body located in Abu Dhabi, United Arab Emirates. This partnership aims to develop rules and frameworks for tokenization. Together, they will create the technical infrastructure and standards for legally compliant tokenization of real-world assets in a blockchain environment.
According to a press release issued a few hours ago, the ADGM Registration Authority will work to promote blockchain innovation and will gain access to blockchain tools provided by Chainlink, including data flow and interoperability services.
Hamad Sayah Al Mazrouei, CEO of the ADGM Registration Authority, stated:
“This strategic alliance is a significant step in solidifying ADGM’s leadership in ensuring blockchain innovation and enhancing regulatory compliance globally. By collaborating with Chainlink, we aim to create a global benchmark for transparency, security, and trust in the blockchain space.”
Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs and Senior Executive in Abu Dhabi, commented:
“ADGM has developed a robust environment for the growth of tokenization projects. Our alliance will elevate the blockchain ecosystem in the UAE, encouraging further innovation and adoption. We are excited to see projects under the authority of the ADGM Registration Authority adopting Chainlink standards for seamless compliance and highly secure on-chain services.”
Future of LINK Coin
As a leader in its sector, Chainlink has facilitated the execution of $19 trillion in transactions through services like blockchain interoperability and verifiable data solutions.
While the recent agreement may not cause a massive impact on the LINK Coin price, it provides supportive long-term prospects. The price is currently aiming for the focal point at $17.4 while trying to recover from the $15 mark. If it manages to close above this level, a return to the $27 resistance could be possible.
