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

Streamex Corp. has partnered with Chainlink to leverage its technology to provide institutional-grade transparency and cross-chain functionality for its gold-backed stablecoin, GLDY.

Nasdaq-listed Streamex Corp., a regulated platform for commodity tokenization, has partnered with Chainlink ( LINK ) as its official oracle and interoperability provider to offer institutional investors greater transparency and reliability around its gold-backed stablecoin , GLDY.

Under the agreement, Streamex will integrate several of Chainlink’s core technologies, including Proof of Reserve, Price Feeds, and the Cross-Chain Interoperability Protocol.

These integrations will enable real-time verification of the gold reserves backing GLDY, deliver tamper-proof market data, and support secure cross-chain transfers across blockchain networks such as Base ( BASE ) and Solana ( SOL ).

Chainlink continues to expand its footprint in tokenized finance

The Streamex partnership aligns with a growing trend of institutions leveraging Chainlink’s technologies to ensure transparency and reliability in tokenized assets .

Earlier this year, Backed Finance has integrated Chainlink’s Proof of Reserve, Cross-Chain Interoperability Protocol, and Price Feeds to verify the collateralization of its tokenized real-world assets , such as tokenized stocks and ETFs. This integration ensures that each token is fully backed 1:1 by the underlying asset and can be securely transferred across different blockchain ecosystems.

Most recently, Crypto Finance adopted Chainlink’s PoR to provide verifiable Bitcoin ( BTC ) and Ethereum ( ETH ) reserve data for its nxtAssets digital asset exchange-traded products, allowing for cryptographic verification of custodial assets without disclosing sensitive wallet addresses.

Meanwhile, Chainlink’s native token, LINK, continues to trade between $17 and $19, having recovered slightly from the $15 dip during the flash market crash on October 10. Analysts suggest the token could rally to $46, though a potential retest of the $15 level may occur before take-off.