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We see that the growth of the cryptocurrency industry has changed the rules in traditional finance with blockchain technology. Traditional finance giants are looking for ways to apply crypto products to their businesses. Japan has taken a new step in this regard. So what is the importance of these moves for Chainlink?
Japan’s Digital Securities
The tokenization of real-world assets is ushering in a new era for securities markets. According to Bloomberg, Osaka Digital Exchange will launch Japan’s first digital securities trading service with the launch of its new platform on December 25th. The product called START enables the complete digitization of securities.
Japanese real estate firm Ichigo Inc. plans to sell approximately $20.1 million worth of securities supported by real estate investments through the service, which will start on December 25th. Progmat’s data shows that as of November 13th, the total assets managed for publicly offered real estate ST projects in Japan reached $871.9 million.
The Future of Chainlink (LINK)
Interest in the RWA sector is increasing exponentially. The increasing digitization and secure trading of real-world assets will continue to drive interest. Financial giants in this field are also receiving support from crypto companies. The most notable partner is Chainlink, which continues its partnership with Swift.
The long-standing rally in Chainlink’s price is also based on tokenized assets. The goal is to reach a trillion-dollar market size in a few years. Chainlink, which enables traditional financial companies to issue tokenized assets with CCIP, can continue to grow in the process. Already monopolizing the crypto blockchain Oracle field, Chainlink now aims to become one of the largest infrastructure companies in traditional finance.
Of course, there are competitors, but it is not an exaggeration to say that Chainlink appears to be more fortunate in this field with its years of experience in crypto and its corporate partners.
LINK Coin, which experienced a rapid recovery similar to the drop in April 2022, reached the $16.5 limit. If the price increase continues, we will need to see that this peak is surpassed and turned into support. The target for a possible rally could be $20, with the overcoming of the resistance in the $18 region.
