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- Enhanced Transparency: Chainlink Proof of Reserve and Price Feeds enable real-time. Onchain verification of gold reserves backing GLDY and secure market data delivery.
- Cross-Chain Interoperability: Streamex integrates Chainlink’s Cross-Chain Interoperability Protocol (CCIP) across Base and Solana for seamless token transfers using the Cross-Chain Token (CCT) standard.
- Institutional Focus: The partnership strengthens Streamex’s position as a regulated RWA tokenization platform for gold-backed, yield-bearing assets.
Streamex, a regulated commodity tokenization company, has announced a strategic partnership with Chainlink, a leading oracle and blockchain technology provider. The partnership establishes Chainlink as Streamex’s official oracle and onchain transparency provider, setting a new benchmark for institutional trust in real-world asset tokenization.
The partnership primarily targets the enhancement of the transparent and authentic nature of Streamex’s gold-supported digital asset, GLDY. As such, the integration of Chainlink’s services such as the Proof of Reserve and Price Feeds will provide investors accessing GLDY on blockchain networks with immediate proof of Streamex’s gold holdings.
Streamex Enhances GLDY Transparency with Chainlink Integration
GLDY symbolizes Streamex’s primary token. The yield-bearing digital asset has full gold reserve support. The addition of Chainlink Proof of Reserve helps ensure that an ongoing onchain verification of gold reserve possession takes place.
In addition to that, it eradicates the need for off-chain reporting. Furthermore, it increases overall transparency. The value of GLDY will be driven by gold spot prices from secure data feeds made possible by Chainlink’s Oracles.
This helps ensure that the digital form of gold stays true to real-world values. The system enhances accountability by giving investors irrevocable proof of the value of the reserves. The system helps Streamex in fulfilling its vision of integrating traditional commodities with digital finance.
Cross-Chain Innovation for the Gold-Backed Future
For added use cases and liquidity, Streamex introduces the integration of the Cross-Chain Interoperability Protocol (CCIP) from Chainlink on Base and Solana mainnets. Based on the Cross-Chain Token standard. GLDY tokens can now be interoperable on various blockchain networks without jeopardizing security or worrying about slippage.
CCTs let developers retain full control of their tokens and leverage audited smart contracts and programmable transfers. This makes it easy for value and data to flow from one blockchain to another as complex operations involving assets are combined into ‘atomic’ operations.
The infrastructure of Chainlink, protecting more than $100 billion worth of value within decentralized finance. It provides a defense-in-depth security solution for each transaction. The adoption of the CCIP by Streamex offers an ideal platform that enhances future scalability for the growth of GLDY on additional networks and assets.
Through such an agreement, Streamex marks an important milestone on the road towards establishing a transparent, interconnected, and institutional-level digital gold system.
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