The price of Chainlink (LINK) has surged over 36%, reaching a nearly two-year high, surpassing $26 at the end of trading on December 2. LINK has more than doubled in the past month, from under $11 at the beginning of November to today's peak, the highest since January 2022. Much of this profit has come in the past few hours.

Chainlink has announced a partnership with 21X, a fintech based in Frankfurt, to develop the first financial market infrastructure in Europe for tokenized securities, expected to launch in Q1 2025. This platform will operate under the supervision of BaFin and utilize Chainlink's technology for several critical functions.

This partnership aims to support the adoption of tokenized securities, enabling the issuance, trading, and settlement based on smart contracts for stocks, bonds, and funds.