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Chainlink partners with Streamex to power cross-chain gold-backed stablecoin GLDY

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Whale Chainlink partners with Streamex to power cross-chain gold-backed stablecoin GLDYand Derivatives Strength Signal Potential Upside for Chainlink (LINK)


Chainlink has entered a strategic partnership with Nasdaq-listed Streamex Corp., marking another crucial advancement in institutional-grade asset tokenization. Streamex, a regulated platform for commodity-backed digital assets, will adopt Chainlink’s oracle infrastructure and cross-chain capabilities to support the launch and management of its gold-backed stablecoin, GLDY. The collaboration is designed to enhance transparency, ensure verifiable collateralization, and enable seamless interoperability across blockchain ecosystems.

Under this integration, Streamex will leverage several of Chainlink’s core technologies — including Proof of Reserve, Price Feeds, and the Cross-Chain Interoperability Protocol (CCIP). Proof of Reserve enables real-time verification of the physical gold reserves backing GLDY, while Chainlink’s decentralized Price Feeds supply reliable market data. Additionally, CCIP facilitates secure cross-chain transfers, allowing GLDY to operate seamlessly across networks such as Base and Solana. This provides institutional investors with both transparency and liquidity across multiple blockchain environments.

This partnership reflects a broader acceleration of Chainlink’s role in tokenized finance. Backed Finance integrates Chainlink Proof of Reserve and CCIP to validate its tokenized stocks and ETFs, ensuring accurate collateralization and secure multi-chain movement. Likewise, Crypto Finance adopted Proof of Reserve to verify Bitcoin and Ethereum reserves backing its digital asset ETP offerings. These consistent integrations highlight Chainlink as a foundational trust layer linking traditional financial systems with decentralized markets.

Chainlink partners with Streamex to power cross-chain gold-backed stablecoin GLDY

Key Chainlink Levels To Watch – October 28

The Streamex partnership reinforces Chainlink’s expanding footprint in regulated tokenization, which gradually supports long-term demand for LINK. However, recent price action shows that Chainlink failed to establish a new higher high after touching $26.780, with the Relative Strength Index signaling overbought conditions at the time. This failed high led to a three-peak decline, resulting in a sharp correction down to the demand level near $15.440. The decline filled inefficiencies in the price delivery process, and LINK is now forming a range at this demand zone. Traders may look for a structural shift or the formation of a higher low that could signal the beginning of a bullish reversal, especially as Chainlink’s real-world adoption continues to grow and reinforce the asset’s long-term value outlook.

Chainlink Key Levels

Resistance Levels: $23.610, $26.780, $30.650
Support Levels: $15.440, $10.870, $5.360

LINK Metrics

Total Market Capitalization: $3.87T
Chainlink Market Capitalization: $12.89B
Chainlink Volume: $733M
Market Rank: #12

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