Chainlink’s LINK Is ‘Safest Bet’ to Profit From RWA Tokenization Trend: K33 Research

The tokenization of real-world assets (RWA) communicative is gaining steam successful crypto, and Chainlink’s autochthonal token (LINK) mightiness beryllium the “safest bet” for investors who question to nett from the hype, probe steadfast K33 Research said successful a Wednesday report.

“If we privation to person vulnerability to the RWA communicative and debar being sidelined erstwhile it takes off, LINK is the safest bet,” said K33 expert David Zimmerman.

Tokenization is the word for placing accepted fiscal assets specified arsenic backstage equity, recognition and bonds – often referred to arsenic RWAs – connected blockchains. The process is touted arsenic a mode to trim outgo and operational friction and amended accessibility and transparency.

Global banks arsenic good arsenic crypto platforms are already taking steps to harness tokenization. JPMorgan earlier today, for example, said it carried out its archetypal unrecorded blockchain-based collateral colony transaction involving BlackRock and Barclays.

There are inactive galore hurdles earlier RWA’s tin scope their afloat potential, said Zimmerman successful his report. Still, the “narrative volition beryllium compelling” capable to perchance kickstart “an isolated RWA crypto bubble earlier determination is wide important interaction from RWA connected the existent world.”

Zimmerman explained that Chainlink positioned itself arsenic a cardinal portion of infrastructure to link blockchains with the extracurricular satellite via its strategy of oracles and wide scope of partnerships. “It volition surely not beryllium the biggest gainer, but fewer projects are amended positioned to payment from the narrative,” helium added.

Zimmerman advised investors to hold for little prices to spell long, pointing to the semipermanent enactment level astatine astir $5.70 to instrumentality agelong positions.

LINK was precocious changing hands astatine $7.30, importantly down from its all-time precocious of $53 but up 32% this year, CoinDesk data shows.