SBI Digital Markets Chooses Chainlink to Enable Cross-Chain Tokenization System
SBI Digital Markets and Chainlink Partnership: SBI Digital Markets (SBIDM) has selected Chainlink's Cross-Chain Interoperability Protocol (CCIP) as its exclusive infrastructure for enabling compliant and interoperable tokenized assets, enhancing the connection between traditional finance and decentralized networks.
Expansion of Digital Asset Ecosystem: The collaboration aims to transform SBIDM's platform from simple token issuance to a comprehensive digital asset ecosystem, facilitating the issuance, settlement, and trading of tokenized securities while ensuring regulatory compliance across jurisdictions.
Integration of Advanced Compliance Tools: SBIDM is also evaluating Chainlink’s Automated Compliance Engine (ACE) to streamline cross-border tokenized transactions and apply dynamic compliance rules, further supporting the regulatory framework for digital assets.
Strengthening Institutional Connectivity: The partnership is designed to provide institutional-grade connectivity, allowing financial institutions and blockchain-native venues to access digital assets efficiently, as interest in tokenized securities continues to rise.
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Technical Analysis for LINK
Technical Sentiment Analysis for Chainlink (LINK) As of , Chainlink (LINK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LINK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, LINK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Chainlink (LINK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 3.541 | 5.346 | 7.231 | 9.036 | 10.921 | 12.726 | 14.611 |
| Fibonacci | 5.346 | 6.755 | 7.626 | 9.036 | 10.445 | 11.316 | 12.726 |
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