Why Publicly Traded Caliber Is Building a Chainlink Treasury

Group 1 - Caliber, a publicly traded asset manager, has made a significant purchase of Chainlink (LINK), acquiring 278,011 LINK valued at approximately $6.5 million, bringing its total investment in LINK to around $6.7 million in just over a month [1] - The CEO of Caliber, Chris Loeffler, highlighted that Chainlink was chosen due to its institutional adoption, utility in the business, and recent sizable partnerships [2] - Caliber aims to utilize Chainlink's network to bring off-chain data on-chain, which could reduce operating costs and enhance profitability, particularly in asset valuations [2][3] Group 2 - The firm faces a complex and manual process for asset valuation, requiring multiple data points for accurate assessments, which Chainlink's network could help automate and validate [3] - Chainlink operates as an oracle network, facilitating the secure transfer of verified data from off-chain sources to blockchains, and has partnered with the U.S. Department of Commerce for GDP data integration [4] - Caliber is seeking to hire a strategic individual with experience in real estate tokenization and blockchain to further its on-chain initiatives, aiming to complete this hire by the end of the year [5]