TLDR
- Grayscale calls Chainlink the “critical connective tissue” linking crypto to traditional finance and central to the next blockchain adoption phase.
- Chainlink’s tools are becoming essential infrastructure for tokenization, crosschain settlement, and real-world assets on blockchain.
- LINK is now the largest non-layer 1 crypto asset by market cap, excluding stablecoins.
- The tokenized asset market has grown from $5 billion to over $35.6 billion since early 2023.
- Chainlink recently completed a crosschain delivery-versus-payment settlement pilot with JPMorgan and Ondo Finance.
Grayscale released a research report highlighting Chainlink’s role in the future of blockchain technology. The asset manager described the project as essential infrastructure that connects cryptocurrency systems with traditional finance.
🚨JUST IN: Grayscale Research calls Chainlink “essential infrastructure” for tokenized finance.
They believe $LINK helps blockchains connect to real-world data, making tokenized assets work safely. pic.twitter.com/vjIAgoHQt7
— Coin Bureau (@coinbureau) November 23, 2025
The report states that Chainlink serves as modular middleware. This software allows blockchain applications to use off-chain data safely. It also enables interactions across different blockchains and meets enterprise compliance requirements.
Chainlink has achieved the position of largest non-layer 1 crypto asset by market cap. This ranking excludes stablecoins. The positioning gives investors exposure to multiple blockchain ecosystems rather than a single network.
Tokenization Growth and Partnerships
Grayscale expects Chainlink to play a central role in the tokenization process. The company has formed partnerships with S&P Global and FTSE/Russell to support this goal.
Financial assets like securities and real estate currently exist on off-chain ledgers. These assets need tokenization, verification, and connection to external data sources to gain blockchain benefits.
The tokenized asset market shows strong growth numbers. The sector expanded from $5 billion to more than $35.6 billion since early 2023, according to RWA.xyz data.
Chainlink’s software suite is expanding to meet these demands. The tools help bring real-world assets onto blockchain systems with proper verification and data feeds.
Recent Technical Development
In June, Chainlink completed a crosschain delivery-versus-payment settlement with JPMorgan’s Kinexys network and Ondo Finance. The pilot project connected different types of blockchain systems.
The test linked Kinexys Digital Payments, JPMorgan’s permissioned payment network, with Ondo Chain’s testnet. Ondo Chain focuses on tokenized real-world assets.
Chainlink’s Runtime Environment served as the coordination layer. The system exchanged Ondo’s tokenized US Treasurys fund, OUSG, for fiat payment. The assets stayed on their native chains during the transaction.
$Link #Link Currently Testing Important Area, Horizontal + Trend line Waiting For Weekly Close If It Holds This Area, Then Will Look For Buying Opportunities On Lower Timeframes pic.twitter.com/ZPT2sEpnHt
— World Of Charts (@WorldOfCharts1) November 22, 2025
The current price stands at $11.81. This represents a 24-hour decline of 3.5 percent. The token is trading near support at $11.69, where a horizontal level meets an upward trend line.
The price range has narrowed between support at $11.69 and resistance at $12.32. Trading pairs show LINK at 0.0001407 BTC and 0.004339 ETH. These pairs moved 4.3 percent and 3.6 percent respectively during the recent period.
