Grayscale views Chainlink as pivotal for blockchain adoption, calling it the “critical connective tissue” bridging crypto and traditional finance. Chainlink’s software tools are vital for tokenization and crosschain settlement, making it the largest non-layer 1 asset by market cap. Grayscale expects Chainlink to lead the tokenization process and has partnered with S&P Global and FTSE/Russel for this purpose.

The tokenized asset market has surged from $5 billion to over $35.6 billion since early 2023, according to RWA.xyz. Chainlink, JPMorgan, and Ondo Finance recently conducted the first crosschain DvP settlement using Chainlink’s Runtime Environment to exchange tokenized assets for fiat without leaving their native chains. This showcases Chainlink’s capabilities in facilitating seamless crosschain transactions.

Read more at CoinTelegraph: Chainlink Is ‘Critical Connective Tissue’ for Tokenization