Chainlink’s Deal with SBI Is a Major Win, But Chart Shows LINK’s Battle at $27 Resistance

• The partnership will focus on several key use cases, including tokenized real-world assets, tokenized funds, regulated stablecoins, and payment-versus-payment systems
• A survey from SBI Digital Asset Holdings found that most banks and financial companies (roughly 76%) plan to buy tokenized assets because of faster settlement and lower costs
• After the announcement, Chainlink’s native token LINK saw a small boost of 1% and its Open Interest derivatives reached $875.7 million

SBI Group, one of Japan’s largest financial companies with over $200 billion in managed assets, has teamed up with Chainlink, the leading provider of oracle services. This partnership is designed to hasten the institutional adoption of digital assets throughout Japan and the wider Asia-Pacific region.

Details of the new SBI and Chainlink partnership

The focus will be on several key use cases, including: 

• Tokenized real-world assets (RWAs), such as real estate and bonds, using Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for cross-blockchain interactions
• Tokenized funds, leveraging Chainlink SmartData to publish real-time net asset value (NAV) information on-chain
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