Chainlink and BTguru Partner to Modernize Finance in Türkiye
- Chainlink advances tokenization with BTguru.
- LINK increases in value after strategic partnership.
- Chainlink technology essential for finance.
The recent collaboration between Chainlink and BTguru, a prominent financial transformation provider in Turkey, promises to significantly boost the tokenized securities market. This strategic agreement aims to utilize Chainlink’s advanced infrastructure to address challenges in the digital asset ecosystem by promoting interoperability and data reliability through technologies such as Data Feeds and the Cross-Chain Interoperability Protocol (CCIP).
BTguru has partnered with Chainlink to scale institutional adoption of tokenized securities in Turkey.
The Chainlink standard will significantly enhance the security, liquidity, and utility of tokenized assets on BTguru's platform. https://t.co/3XBXiiLAyo pic.twitter.com/GVbw1vsrTm
- Chainlink (@chainlink) January 14, 2025
The combined efforts of Chainlink and BTguru not only aim to raise the bar on connectivity and reliability in the Turkish financial system, but also to ensure compliance with current regulations on digital assets. BTguru is already recognized for its ability to integrate new technologies into the financial sector, making it easier for institutions to adapt to the regulations and complexities of modern blockchain-enabled finance.
Following the announcement of the partnership, Chainlink’s LINK token experienced a massive 10% increase in value, reaching $21,80 in less than 24 hours. This jump reflects a 7% increase in market capitalization, reaching an impressive $12,82 billion.
Chainlink currently has a circulating supply of 638,09 million tokens, with a total supply forecast of 1 billion LINKs. The fully diluted valuation (FDV) is estimated at $20,09 billion, indicative of the strong momentum the token has been gaining.
Market observers attribute the price increase to Chainlink’s growing utility and the increased relevance of its services in the institutional finance sector. The technology offered by Chainlink is seen as a pillar for financial transformation and modernization, especially in emerging markets like Turkey.
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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