⭐⭐Chainlink and 21Shares Become Partners ⭐⭐

21Shares, which issues ETFs traded on the world's leading stock exchanges, decided to use Chainlink's technology for proof of reserve (PoR). This agreement is considered an important step at a time when concerns about the real reserve status of exchanges are increasing following the FTX crisis. Chainlink's PoR product provides instant and live verification of reserves, thus increasing the level of transparency of 21Shares.

Johann Eid, CBO of Chainlink Labs, emphasized that 21Shares plays an important role in supporting the adoption of digital assets. The Chainlink platform helps financial institutions achieve their tokenization goals globally. The PoR integration was implemented following the launch of ETH ETFs on July 23. Thanks to this integration, other ETF issuers benefiting from Chainlink may positively affect LINK Coin's price performance.

Chainlink has grown steadily over the years, almost monopolizing price feeds in the DeFi space. With PoR integration, Chainlink provides guidance and infrastructure for real-world assets (RWA) to many popular financial companies. However, despite these developments, there was no significant increase in the price of LINK Coin.

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