Grayscale stated that Chainlink (LINK) will be a key technology driving the tokenization space.
Tokenization has recently become one of the most discussed topics in the industry. While Wall Street giants are turning their attention to the tokenization space, Grayscale stated that one altcoin stands out in this area.
Speaking on the Thinking Crypto podcast, Grayscale's head of research, Zach Pandl, stated that global efforts to tokenize real assets are still in their infancy and that Chainlink (LINK) will be a key technology driving this space.
Zach Pandl explained that only a small portion of global assets are tokenized and exist on blockchain networks.
However, he said that with the growing interest in tokenization, more traditional finance will transition to blockchain, and with that, adoption could significantly accelerate in the next five to ten years.
Pandl believes that with the transition of traditional financial instruments to blockchain, tokenized assets will grow by 1,000 times over the next five years.
At this point, Pandl stated that Chainlink serves as a bridge between blockchains and traditional finance for tokenized assets.
“Chainlink is a true link between the crypto ecosystem and traditional finance,
This is not a bet on a single blockchain; it is an indicator of where the entire industry is heading.”
Pandl also emphasized the expansion of Grayscale's crypto ETF offerings, including those related to XRP, Solana (SOL), Dogecoin (DOGE), and Chainlink.
As is known, Grayscale recently converted its existing Chainlink trust into an ETF and launched the Chainlink ETF. At this point, Pandl added that ETFs make it easier for investors to access the crypto ecosystem.
