Ondo

Bitcoin ETF

Grayscale

Chainlink

would

Grayscale has said that Chainlink will be at the center of the next major phase of blockchain adoption, referring to the project as the “critical connective tissue” that links crypto to traditional finance.
In a recent research <a href="https://research.grayscale.com/reports/the-link-between-worlds" rel="noopener noreferrer nofollow">report</a>, the asset manager argued that Chainlink (<a rel="noopener noreferrer nofollow">LINK</a>)’s growing suite of software tools is emerging as essential infrastructure for tokenization, crosschain settlement and the broader shift toward real-world assets on blockchain rails.
“A more accurate description of Chainlink today would be modular middleware that lets on-chain applications safely use off-chain data, interact across blockchains, and meet enterprise-grade compliance needs,” Grayscale wrote.
The company added that this expanding footprint has helped turn LINK into the largest non–layer 1 crypto asset by market cap (excluding stablecoins), giving investors exposure to multiple ecosystems rather than a single chain.
Related: <a href="https://cointelegraph.com/news/grayscale-ipo-united-states-sec-asset-management" rel="noopener noreferrer nofollow">Asset manager Grayscale Investments files for US IPO</a>
<h2 id="chainlink-will-orchestrate-tokenization-boom">Chainlink will orchestrate tokenization boom</h2>
According to Grayscale, tokenization is the clearest pathway where Chainlink’s value becomes obvious. Today, nearly all financial assets, from securities to real estate, are still recorded on off-chain ledgers. For these assets to gain the efficiency and programmability of blockchains, they must be tokenized, verified and connected to external data sources.
“We expect Chainlink to play a central role orchestrating the process of tokenization, and it has announced a variety of partnerships, including with S&amp;P Global and FTSE/Russel, that should help it do so,” the asset manager wrote.
The tokenized asset market has <a href="https://app.rwa.xyz/" rel="noopener noreferrer nofollow">grown</a> from $5 billion to more than $35.6 billion since early 2023, <a href="https://app.rwa.xyz/" rel="noopener noreferrer nofollow">according</a> to RWA.xyz.
<figure>
 <img alt="Grayscale calls Chainlink the ‘crictical connective tissue’ of tokenized finance" src="https://s3.cointelegraph.com/uploads/2025-11/019ab080-fe63-7262-9158-b4a7b9828b2c" title="">
 <figcaption>
 Total RWA onchain. Source: <a href="https://app.rwa.xyz/" rel="noopener noreferrer nofollow">RWA.xyz</a>
 </figcaption>
</figure>
Related: <a href="https://cointelegraph.com/news/emory-uni-grayscale-bitcoin-etf-52-million" rel="noopener noreferrer nofollow">Emory University ups stake in Grayscale’s Bitcoin ETF to $52M</a>
<h2 id="chainlink-jpmorgan-ondo-complete-first-crosschain-dvp-settlement">Chainlink, JPMorgan, Ondo Complete first crosschain DvP settlement</h2>
In June, Chainlink, JPMorgan’s Kinexys network and Ondo Finance <a href="https://cointelegraph.com/news/chainlink-jp-morgan-ondo-crosschain-dvp-settlement" rel="noopener noreferrer nofollow">completed a crosschain delivery-versus-payment (DvP)</a> settlement between a permissioned bank payment system and a public blockchain testnet.
The pilot connected Kinexys Digital Payments, JPMorgan’s permissioned payment network, with Ondo Chain’s testnet, which specializes in tokenized real-world assets. Using Chainlink’s Runtime Environment (CRE) as the coordination layer, the settlement exchanged Ondo’s tokenized US Treasurys fund, OUSG, for fiat payment without the assets leaving their native chains.
Magazine:<a href="https://cointelegraph.com/magazine/2026-pragmatic-privacy-crypto-canton-zcash-ethereum-foundation/" rel="noopener noreferrer nofollow"> 2026 is the year of pragmatic privacy in crypto — Canton, Zcash and more</a>

Grayscale calls Chainlink the ‘crictical connective tissue’ of tokenized finance

Table of Contents

Cointelegraph

Other articles published on Nov 23, 2025

Join our free newsletter for daily crypto updates!