Chainlink partners with Streamex to power cross-chain gold-backed stablecoin GLDY
Streamex Corp. has partnered with Chainlink to leverage its technology to provide institutional-grade transparency and cross-chain functionality for its gold-backed stablecoin, GLDY.
- Chainlink’s Proof of Reserve ensures GLDY’s gold backing can be verified on-chain, providing institutional investors with tamper-proof data.
- Integration of Chainlink’s CCIP enables secure transfers of GLDY across multiple blockchains, including Base and Solana.
- Similar integrations by Backed Finance and Crypto Finance demonstrate Chainlink’s growing role in verifying RWA tokenization and bridging TradFi with blockchain.
Nasdaq-listed Streamex Corp., a regulated platform for commodity tokenization, has partnered with Chainlink (LINK) as its official oracle and interoperability provider to offer institutional investors greater transparency and reliability around its gold-backed stablecoin, GLDY.
Under the agreement, Streamex will integrate several of Chainlink’s core technologies, including Proof of Reserve, Price Feeds, and the Cross-Chain Interoperability Protocol.
These integrations will enable real-time verification of the gold reserves backing GLDY, deliver tamper-proof market data, and support secure cross-chain transfers across blockchain networks such as Base (BASE) and Solana (SOL).
Chainlink continues to expand its footprint in tokenized finance
The Streamex partnership aligns with a growing trend of institutions leveraging Chainlink’s technologies to ensure transparency and reliability in tokenized assets.
Earlier this year, Backed Finance has integrated Chainlink’s Proof of Reserve, Cross-Chain Interoperability Protocol, and Price Feeds to verify the collateralization of its tokenized real-world assets, such as tokenized stocks and ETFs. This integration ensures that each token is fully backed 1:1 by the underlying asset and can be securely transferred across different blockchain ecosystems.
Most recently, Crypto Finance adopted Chainlink’s PoR to provide verifiable Bitcoin (BTC) and Ethereum (ETH) reserve data for its nxtAssets digital asset exchange-traded products, allowing for cryptographic verification of custodial assets without disclosing sensitive wallet addresses.
Meanwhile, Chainlink’s native token, LINK, continues to trade between $17 and $19, having recovered slightly from the $15 dip during the flash market crash on October 10. Analysts suggest the token could rally to $46, though a potential retest of the $15 level may occur before take-off.
