TLDR
- Chainlink partnered with SBI Digital Markets to use its Cross-Chain Interoperability Protocol (CCIP) for connecting traditional finance and decentralized finance systems.
- UBS completed its first live transaction using Chainlink’s Digital Transfer Agent standard to tokenize a fund through the uMINT money market fund.
- Dinari is using Chainlink for pricing data to tokenize the S&P Digital Markets 50 Index, which tracks 35 blockchain companies and 15 top cryptocurrencies.
- Chainlink price traded at $14.99 with technical indicators showing early bullish momentum after bouncing from $14 support.
- A breakout above $17 resistance could push Chainlink price toward $20, representing a potential 33% increase.
Chainlink price traded at $14.99 on November 6, showing a 1% recovery over 24 hours. The price action came as the broader crypto market gained 1.37% following a bearish week.
Bitcoin price remained above $103,000 while Ethereum traded around $3,300. The recovery provided support for altcoins including Chainlink as institutional partnerships continued to develop.
Chainlink announced a partnership with SBI Digital Markets, a subsidiary of Japan’s SBI Group. The collaboration will use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable token transfers between traditional and decentralized financial systems.
SBI Digital Markets selected CCIP as its primary infrastructure for cross-chain operations. The partnership marks a step in connecting regulated financial markets with blockchain networks.
SBI DIGITAL MARKETS ADOPTS CHAINLINK $LINK CCIP AS EXCLUSIVE INFRASTRUCTURE TO POWER ITS DIGITAL ASSET PLATFORM AND ENABLE CROSS-CHAIN TOKENIZED ASSET TRANSFERS pic.twitter.com/rPNfcj8S9w
— The Wolf Of All Streets (@scottmelker) November 6, 2025
UBS completed a transaction using Chainlink’s Digital Transfer Agent standard. The global bank tokenized its uMINT money market fund through the platform. The deal was facilitated with DigiFT, an approved on-chain fund platform.
Technical Analysis Shows Possible Breakout
Chainlink price currently trades in a consolidation zone between $14 support and $17 resistance. The price bounced from the $14 level after recent selling pressure.
They laughed when I said $LINK will outperform Bitcoin
But look closer, this is the calm before a generational breakout.
While CT argues over memes and cycles, Chainlink is quietly building the plumbing for the new financial system:
-SWIFT integration going live for 11,000+… pic.twitter.com/cyEUtXB5GA
— X Finance Bull (@Xfinancebull) November 5, 2025
The Relative Strength Index stood at 38, recovering from oversold territory. The RSI moving average showed improving momentum. These indicators suggest a potential shift in market sentiment.
The MACD crossed above its signal line with the histogram turning positive. While both lines remain below zero, the crossover represents an early bullish signal. Further upward movement could confirm a short-term rally.
New Index Tokenization Project
Dinari announced it will use Chainlink for pricing data to tokenize the S&P Digital Markets 50 Index. The index tracks 35 public companies involved in blockchain technology and 15 top cryptocurrencies.
S&P Global is excited to announce a collaboration between S&P Global Ratings, the world’s leading provider of #CreditRatings, benchmarks and analytics, and Chainlink Labs, the industry-standard oracle platform bringing the capital markets on-chain, to deliver S&P Global Ratings’… pic.twitter.com/JMN9GsEJAF
— S&P Global (@SPGlobal) October 14, 2025
Dinari will create a token through its dShares offering. Each dShare is backed 1:1 with the underlying asset and held by a regulated custodian. The structure preserves rights such as dividends and redemptions.
Chainlink’s decentralized oracle network will provide real-time market data for the index on blockchain protocols. Oracles supply blockchains with information from the real world needed for smart contracts.
Fernando Vazquez, president of capital markets at Chainlink Labs, stated the project enables one of the first indexes to operate on-chain with verifiable data spanning traditional and digital assets. S&P DJI confirmed Chainlink’s integration ensures data transparency and reliability.
The tokenization aligns with the trend of bringing real-world assets like bonds, funds and equities onto blockchain platforms. RWA platform Centrifuge launched SPXA in September, the first licensed S&P 500 index fund on-chain.
A breakout above $17 could push Chainlink price toward $20. This would represent a 33% increase from current levels. The price must hold above $14 support to maintain bullish momentum.
Recent partnerships in Bermuda and Japan have increased institutional interest in Chainlink technology. These collaborations demonstrate growing confidence in using Chainlink to connect traditional financial systems with blockchain networks.
