Chainlink (LINK) News: Price Steady Amid Balcony's $240B Real Estate Tokenization Integration
Chainlink is integrating with Balcony to tokenize over $240 billion in government-sourced real estate data using Chainlink's Runtime Environment.Summary
Chainlink's native token, LINK, saw steady price movement around $18 despite significant real-world adoption news. Chainlink announced a partnership with Balcony, a real estate tokenization platform working with local governments. Balcony will utilize Chainlink’s Runtime Environment (CRE) to bring over $240 billion worth of government-sourced property data onchain, aiming to make real estate assets programmable, transparent, and verifiable, starting with parcel-level land records via Balcony’s Keystone platform. This deal highlights Chainlink's growing importance in the tokenized real-world assets (RWA) sector where secure data handling is crucial for institutional adoption. Separately, Swedish digital asset manager Virtune integrated Chainlink's Proof of Reserve service across its $450 million exchange-traded products (ETPs) to verify underlying assets without revealing wallet addresses.
(Source：CoinDesk)