Major Success For Chainlink: US Banks’ Pilot Program Propels LINK Price Up 6%, Details
Summary
DTCC partnered with Chainlink and US banks for a successful pilot to accelerate fund tokenization. The collaboration aimed to explore on-chain price and rate data's potential for mutual fund tokenization. The pilot involved major asset managers and achieved positive results, validating on-chain data delivery and automation. Chainlink's cross-chain interoperability capabilities played a key role in the success. As a result, LINK token surged past $14, with a 6.8% increase in price and a 17% surge in trading volume. However, it faces resistance levels at $15.18 and $17.8 before potentially moving towards $20.
