- Trending
- Comments
- Latest
Nasdaq-listed commodity tokenization platform, Streamex has partnered with Chainlink to enhance its gold-backed stablecoin, GLDY. This partnership leverages Chainlink’s advanced oracle and interoperability technologies to provide institutional-grade transparency and seamless cross-chain functionality.
“By integrating Chainlink’s Proof of Reserve and Cross-Chain Interoperability Protocol, GLDY’s gold backing can be verified on-chain and securely transferred across multiple blockchains,” Streamex officials said.
This collaboration aims to boost investor confidence and liquidity for the gold-backed stablecoin.
Chainlink’s Proof of Reserve technology provides real-time, tamper-proof verification of the gold reserves backing GLDY. This capability delivers “institutional investors the confidence they need by ensuring each GLDY token is fully backed and verifiable on-chain,” Chainlink noted.
The decentralized oracle network guarantees that market data and reserve information cannot be manipulated, establishing a new standard for transparency in gold-backed stablecoins.
With the integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), GLDY can move securely across blockchain ecosystems such as Base and Solana.
This cross-chain capability “enables users to utilize GLDY tokens seamlessly across different DeFi platforms,” improving accessibility and utility. Streamex highlighted that secure and frictionless transfers of gold-backed stablecoins foster broader adoption and greater market efficiency.
The Streamex-Chainlink partnership reflects a larger trend where tokenization platforms use Chainlink’s infrastructure for verifying real-world asset tokens. Earlier this year, Backed Finance adopted Chainlink’s Proof of Reserve and CCIP to authenticate tokenized stocks and ETFs, ensuring full collateralization.
Crypto Finance similarly integrated Chainlink to provide verifiable Bitcoin and Ethereum reserve data for digital asset ETFs. “Chainlink’s expanding footprint is bridging traditional finance with blockchain through trustworthy gold-backed stablecoins and other tokenized assets,” industry experts say.
Streamex markets GLDY as a regulated, yield-bearing digital asset offering direct exposure to physical gold. “Partnering with Chainlink strengthens our commitment to transparency and regulatory compliance, essential for institutional investors,” said Streamex’s CEO.
This collaboration reinforces GLDY’s position as a credible gold-backed stablecoin suitable for global investors seeking stability and transparency.
Chainlink’s native token, LINK, currently trades between $17 and $19, recovering after a recent market dip. Analysts suggest significant upside potential linked to Chainlink’s expanding role in the blockchain ecosystem.
“Chainlink’s technology is foundational in verifying gold-backed stablecoins like GLDY, supporting growth in tokenized real-world assets,” said market analysts, making LINK an asset to watch in 2025.
