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.
