Tokenyze Chainlink Partnership Strengthens Asset Tokenization

As reported by Chainlink on its official X account, Tokenyze has joined the Chainlink BUILD program. This partnership gives Tokenyze access to some of the most reliable blockchain tools in the industry. In return, Tokenyze will share a portion of its native tokens with Chainlink stakers and service providers. The goal is to grow both ecosystems together and bring real value into the world of decentralized finance (DeFi).

Turning Real Things into Digital Tools

Tokenyze focuses on turning physical items, like metals and commodities, into blockchain tokens. These are not just any tokens. They’re backed by real warehouse receipts, meaning there’s a physical asset tied to every digital one.

Using its Agent Portal, Tokenyze allows businesses to mint tokens using the ERC-3643 standard.These tokens can then be wrapped as ERC-20 tokens, making them easy to use across popular DeFi platforms. This means investors can use real-world assets just like cryptocurrencies. They can buy and sell them, use them to back loans, or even lend them to earn extra income.

It’s quite a smart way to make use of real-world assets that would normally just sit in storage. Now, they can be used in digital finance to do more and add value.

What Tokenyze Gets from Chainlink

Joining the Chainlink BUILD program brings major benefits for Tokenyze:

• Proof of Reserve: This tool shows users that the digital tokens truly represent real physical assets. It’s about building trust.

• Price Feeds: Chainlink’s pricing tools give Tokenyze access to accurate and real-time data. This helps the platform offer fair pricing on its tokens.

• Cross-Chain Transfers (CCIP): This feature lets Tokenyze move assets safely across different blockchains. It makes the tokens more flexible and widely usable.

Tokenyze also gets early access to new Chainlink products, giving it an upperhand in an industry that moves fast.

More Than Just a Partnership

This isn’t just about an upgrade in technology, it’s about creating a solid partnership. By joining forces with Chainlink, Tokenyze is making its platform safer, more transparent, and easier for everyone to use.

Giving a share of its token supply to Chainlink’s network also says a lot. It shows Tokenyze is in it for the long run and wants to grow alongside the Chainlink community.

Together, they’re proving that blockchain isn’t just for digital money, and that it can make a real difference in people’s daily lives.

Why It Matters

Tokenyze is helping change the way people think about digital assets. It’s not just about crypto anymore. It’s about turning real things, like copper and aluminum into digital assets that are pretty simple to use in finance.

This helps to connect the traditional financial world with the crypto space. With Chainlink’s support, Tokenyze is in a good position to lead this new change.

Final Thoughts

The partnership between Tokenyze and Chainlink shows how powerful blockchain can be when it’s used to connect the real and digital worlds. It’s a big step forward for asset tokenization, and a clear sign that DeFi is growing up.