tl;dr
Swiss cryptocurrency firm Taurus has partnered with Chainlink to enhance institutional tokenized asset adoption. Taurus will utilize Chainlink's off-chain data, Proof of Reserve, and Cross-Chain Interoperability Protocol to improve tokenized assets and drive liquidity across multiple blockchain netw...
Taurus and Chainlink collaborate to advance institutional tokenized asset adoption by leveraging off-chain data, Proof of Reserve, and Cross-Chain Interoperability Protocol. The collaboration aims to solve key challenges in the tokenized asset space—security, data, and asset mobility—by integrating Chainlink Data Feeds and Proof of Reserve to enhance liquidity and transparency.
Chainlink CEO Sergey Nazarov foresees tokenized real-world assets surpassing crypto in value as traditional finance's interest in decentralized finance grows, addressing infrastructure challenges in traditional finance and opening new investment opportunities.
Swiss cryptocurrency firm Taurus has partnered with Chainlink to enhance institutional tokenized asset adoption. Taurus will utilize Chainlink's off-chain data, Proof of Reserve, and Cross-Chain Interoperability Protocol to improve tokenized assets and drive liquidity across multiple blockchain networks. This collaboration aims to address security, data, and asset mobility challenges in the tokenized asset space. Additionally, Taurus will integrate Chainlink Data Feeds for market pricing and reference data.
Chainlink CEO Sergey Nazarov believes tokenized real-world assets will surpass crypto in value as traditional finance's interest in decentralized finance (DeFi) grows. However, challenges such as legal considerations and data privacy persist in the space.
Swiss cryptocurrency custody and trading firm Taurus has joined hands with Chainlink in a collaboration expected to advance institutional tokenized asset adoption. Chainlink CEO Sergey Nazarov said tokenization could be the factor driving traditional finance (TradFi) to become the top customer of decentralized finance (DeFi).
Based on the announcement, the Taurus platform will leverage Chainlink to enhance tokenized assets. Specifically, it will use Chainlink’s off-chain data, Proof of Reserve, and Cross-Chain Interoperability Protocol to accelerate adoption and drive liquidity across multiple blockchain networks. This partnership signifies the coming together of a full-stack digital asset infrastructure platform covering issuance, custody, and trading with the developer of essential infrastructure for the tokenized asset economy.
“Together, Taurus and Chainlink are solving three key challenges in the tokenized asset space—security, data, and asset mobility. Taurus will leverage the Chainlink platform to enrich tokenized assets with high-quality off-chain data and unlock cross-chain interoperability,” an excerpt in the announcement read.
Moving forward, Taurus will integrate Chainlink Data Feeds for market pricing, reference data, and identity data. This will enable the provision of information about assets’ states or facilitate transactions. Moreover, Chainlink Proof of Reserve will help protect users from over-issuance risks and increase reserve transparency. Taurus’ integration with Chainlink follows testing Chainlink’s CCIP to bridge Circle’s USDC stablecoin across blockchains.
“Our collaboration with Chainlink marks a significant milestone in the evolution of tokenized assets,” Juergen Hofbauer, Global Head of Strategic Partnerships at Taurus, said.
This development comes as Chainlink CEO Nazarov continues to push the campaign for tokenized assets. In his opinion, tokenized real-world assets (RWAs) are set to surpass crypto in value as TradFi’s interest in DeFi grows. Meanwhile, RWA.xyz data showing it is almost a $3 billion industry.
The traction comes as tokenization progressively addresses the infrastructure challenges that plague TradFi, opening up new investment opportunities. However, there remain challenges in the space, including legal considerations, identity standards, and data privacy.
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After a thorough analysis of the market charts and technical indicators, it is evident that the stock is currently testing a crucial support level. The Relative Strength Index (RSI) suggests that the stock is approaching oversold territory, indicating a possible reversal in the near future.
Additionally, the moving average convergence divergence (MACD) indicator has shown a bearish crossover, signaling a potential downward trend. This is further supported by the breach of the lower Bollinger Band, indicating increased selling pressure.
Considering these factors, it is essential to closely monitor the stock's price action around the current support level. A breakdown below this level could lead to further downside movement, potentially testing the next major support.
However, if the stock manages to find support and shows signs of a reversal, it may indicate a buying opportunity, especially if accompanied by a bullish divergence in the RSI. Traders should exercise caution and wait for confirmation before considering any long positions.
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Industry: REAL ESTATE & CONSTRUCTION
Sector: PATENT OWNERS & LESSORS
Phone: 4437738000
Current Stock Price: $16.74
Dividend Yield: None
EPS: 0.9
P/E Ratio: 2.39
Beta: 0.511
Market Cap: $564,954,000
Revenue: $21.44
Profit Margin: 0.764
Operating Margin: 0.775
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Sector: Real Estate & Construction
Market Cap: 2179501000
Dividend Yield: None
Beta (5Y Monthly): None
PE Ratio (TTM): -0.99
EPS (TTM): 1.788
Profit Margin: -0.463
Revenue: 342213000
Forward Dividend & Yield: 24.67, 0
Ex-Dividend Date: 1.287
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Technical Analysis Report: Unveiling Market Trends
In the current market landscape, the S&P 500 index has exhibited a strong bullish trend, with the 50-day moving average consistently staying above the 200-day moving average. This indicates a robust bullish momentum in the market.
Additionally, the Relative Strength Index (RSI) has surged above 70, pointing to a potential overbought situation. This suggests a need for caution, as overbought conditions can sometimes precede a market correction.
Examining specific stocks, Company X has shown a classic "head and shoulders" pattern, signaling a potential trend reversal. Investors should closely monitor the support level to confirm the pattern's validity.
On the other hand, Company Y has experienced a breakout above its resistance level, indicating a bullish trend. This breakout could signify a favorable entry point for traders seeking upward potential.
It's essential to note that while these indicators provide valuable insights, they are not foolproof predictors of future market movements. Investors should remain vigilant and consider other fundamental and macroeconomic factors when making investment decisions.
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Industry
LIFE SCIENCES, IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES
Market Cap
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Current Price
12.64
Dividend Yield
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Price to Earnings Ratio
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Earnings Per Share (EPS)
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Beta
0.31
Volume
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52-Week High
16.92
52-Week Low
6.36
Price Change (1 Year)
-0.088