Asset manager Caliber made a significant buy of Chainlink, adding 278,011 LINK worth $6.5 million to its treasury. The Arizona-based firm has now acquired $6.7 million worth of LINK in just over a month since announcing its Chainlink treasury strategy, focusing on bringing valuable off-chain data on-chain for increased transparency.

Caliber CEO Chris Loeffler stated that Chainlink was the obvious choice for the firm due to institutional adoption and utility within their business. They plan to utilize Chainlink’s network to automate valuations and potentially reduce operating costs. The firm is seeking a strategic hire with experience in real estate tokenization and blockchain.

Chainlink operates as an oracle network, partnering with the U.S. Department of Commerce to bring GDP data on-chain. Caliber is looking for the right person to join the firm to pursue its on-chain goals, with shares up over 300% in the last month. The firm’s integration of real-world assets into blockchain and use of Chainlink’s technology has resonated well with the crypto community.

Read more at Yahoo Finance: Why Publicly Traded Caliber Is Building a Chainlink Treasury