Solana News Update: Connecting Traditional Finance and Decentralized Finance: Streamex Collaborates with Chainlink to Enable Transparent Gold Tokenization
- Streamex partners with Chainlink to integrate CCIP, enabling cross-chain GLDY transfers on Base and Solana. - The collaboration adds Proof of Reserve and Price Feeds for real-time gold reserve verification and tamper-proof data. - This enhances institutional trust in GLDY's gold-backed stablecoin through auditable transparency and zero-slippage security. - The integration aligns with growing demand for tokenized commodities, leveraging Chainlink's $100B+ TVL-secured infrastructure.
Streamex Corp. (NASDAQ: STEX), a prominent platform specializing in institutional commodity tokenization, has
This collaboration represents a major milestone in Streamex’s pursuit to tokenize tangible assets, especially gold and other commodities, using regulated, institution-level infrastructure. By utilizing Chainlink’s CCIP,
Henry McPhie, Streamex’s Co-Founder and CEO, highlighted the strategic value of the partnership: “The integration of Chainlink’s interoperability and data standards will be a significant advancement in Streamex’s efforts to securely bring real-world assets onto the blockchain,” he said in the
Chainlink’s CCIP was chosen for its advanced security capabilities, which include zero-slippage transfers, programmable token features, and comprehensive security protocols. The protocol’s infrastructure, which safeguards more than $100 billion in DeFi total value locked (TVL), matches Streamex’s commitment to robust, scalable solutions for tokenized assets. By implementing CCIP, Streamex also taps into Chainlink’s extensive network, which includes collaborations with financial giants such as Swift, Mastercard, and UBS.
This partnership highlights the increasing need for cross-chain interoperability in the tokenization sector. GLDY, a regulated digital asset that generates yield and is fully backed by physical gold, now enjoys improved interoperability, making it easy to trade across both Base and Solana, as
Chainlink’s reputation as a reliable oracle provider further enhances the partnership. With a network of over 1,000 oracles worldwide, Chainlink’s infrastructure supports both decentralized and traditional finance applications, positioning it as a crucial driver for institutional blockchain integration. This move also reflects broader industry trends, as seen in the recent increase in Solana-based ETF inflows and the growing institutional interest in tokenized assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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