Chainlink Poised to Benefit as Tokenization Drives Demand for Its Oracles
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On-chain analysts predict a new Chainlink (LINK) exchange-traded fund (ETF) will soon launch.
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LINK tokens are gaining utility in the tokenization space as companies move beyond blockchain ETFs.
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Grayscale Chainlink Trust tracking LINK recently hit $125, reflecting increasing demand.
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Chainlink oracles provide external data feeds to ensure tokenized assets have required collateral.
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As institutions create more tokenized assets, demand for Chainlink's data feeds and LINK fees could rise.