Grayscale Praises a Well-Established Altcoin!

Tokenization has recently become one of the most frequently discussed topics in the industry. While Wall Street giants are turning their attention to the tokenization space, Grayscale stated that an altcoin stands out in this area.

Speaking on the Thinking Crypto podcast, Grayscale Research Head Zach Pandl said that global efforts to tokenize real-world assets are still in their infancy and that Chainlink (LINK) will be the key technology driving this space.

Zach Pandl explained that only a small fraction of global assets are tokenized and reside on blockchain networks.

However, he said that with the increasing interest in tokenization, more traditional finance will move to blockchain, and with that, adoption could accelerate significantly in the next five to ten years.

Pandl believes that with the transition of traditional financial instruments to the blockchain, tokenized assets will grow by up to 1,000 times in the next five years.

At this point, Pandl stated that Chainlink serves as a bridge between blockchains and traditional finance for tokenized assets.

“Chainlink is a true link between the crypto ecosystem and traditional finance,

This isn’t a bet on a single blockchain, it’s an indicator of where the entire industry is headed.”

Pandl also highlighted Grayscale’s expanding range of crypto ETFs, including those linked to XRP, Solana (SOL), Dogecoin (DOGE), and Chainlink.

As is known, Grayscale recently converted its existing Chainlink trust into an ETF and launched the Chainlink ETF. At this point, Pandl added that ETFs make it possible for investors to have easier access to the crypto ecosystem.