21X, Chainlink Bring Europe’s First Tokenized Securities Market, Price Looking Up

In early 2025, 21X will launch Europe’s first regulated tokenized securities market in partnership with Chainlink. An uptick in Chainlink price coincides with this development, as well as the overall market bullishness.

In collaboration with BaFin, the platform aims to bring traditional finance and blockchain technology together with increased market security and efficiency.

21X Partners with Chainlink to Launch Regulated Tokenized Securities Market in Europe

Chainlink announces a strategic partnership with 21X to launch Europe’s first EU-regulated tokenized securities market.

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The platform is set to go live in early 2025, under the regulatory oversight of Germany’s Federal Financial Supervisory Authority (BaFin).

This is a major advance for tokenized assets, bridging the divide between blockchains and traditional financial systems.

This collaboration has the potential to increase market security, transparency, and efficiency in addressing issues presented in the current financial system.

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Chainlink’s Role and Platform Features

In addition, 21X will leverage the crucial infrastructure that Chainlink provides, including real-time price feeds and cross-chain interoperability.

21X will enable smooth asset transfer across different blockchain networks using Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to provide increased liquidity and efficiency.

Market data and assets from other blockchain protocols are made accessible to users in this feature, allowing developers to be more flexible.

Under the EU’s Distributed Ledger Technology (DLT) regime, 21X will enable the trading of tokenized assets in compliance with all the relevant regulatory standards.

21X will offer regulated services such as order matching, settlement, and registration to set up a secure base for the tokenized market of securities in Europe.

Moreover, Chainlink’s price feeds will improve market data accuracy and reliability, contributing to better decision-making of the users.

The arrival of the partnership comes at a crucial moment for the European crypto market after the EU’s Markets in Crypto Assets (MiCA) regulation finally came into force.

Through 21X’s goal to build a compliant, secure, and efficient market for tokenized securities, 21X hopes to help remove regulatory hurdles and lead the way for greater adoption in Europe’s fast-changing financial landscape.

Bullish Indicators Confirm Chainlink Price Continued Upward Momentum

In recent weeks, the Chainlink price has had a pronounced bullish trend. Continuing its uptrend, the price blossomed by 28.9% to close at $24.413.

A key support at $13.172 has not been broken, and support for the coin remains strong meaning further gains in price are possible.

Its price has broken above previous resistance levels, confirming a continued bullish outlook. A major resistance is now being eyed at $38.319, which would represent a 50.89% upside from current levels.

The rising price signified that investors and the market at large are growing more interested in and more confident in LINK’s future prospects.

The bullish trend is also confirmed by indicators. As of now, the Supertrend indicator indicates a buy and provide support at $13.172.

The Chaikin Money Flow remains at 0.18, which is indicative of strong buying pressure. Furthermore, the volume oscillator has moved up by 20.61%, signifying elevated trading volumes and corroborating the bulls’ push.

Record Net Outflows Fueling Chainlink Price Surge

According to Chainlink’s inflow/outflow chart, the platform has experienced notable net outflows above all other time frames, especially so in recent months.

Since early November, outflows have grown, with a handful of recent days reporting $10 million plus outflows.

Early December saw these outflows reach almost $30 million, which could one infer represents a large accumulation. The recent price surge is thanks, in part, to the consistent net outflows.

In just a few weeks, LINK’s price has gone from around $10 to over $25. Undoubtedly, this move supports reduced exchange supply, suggesting a bright picture for LINK and investors’ confidence in crypto.

However, rising prices and shrinking net outflows show that the trend could further climb. If the pattern continues, it is likely LINK will continue to appreciate through reduced exchange supply and accelerating demand.