Real estate tokenization
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Chainlink Underpins Balcony's $240B Real Estate Tokenization Platform
Yahoo Financeยท 2025-10-28 18:24
Core Insights - Chainlink's native token (LINK) is experiencing volatility, trading just above $18, with a significant trading volume increase of 2.27 million tokens, which is 91% above the daily average [1][7] - A new partnership with Balcony aims to tokenize over $240 billion worth of government-sourced property data, enhancing the programmability and transparency of real estate assets [2][3] - Virtune has integrated Chainlink's Proof of Reserve service into its $450 million digital asset ETPs, ensuring asset verification without disclosing individual wallet addresses [4] Market Analysis - The primary support level for LINK is at $18.21, with secondary support near $18.30, while resistance is observed at $18.82 and near the psychological level of $19.00 [7] - The breakout volume indicates strong institutional participation and momentum, validating the bullish outlook for LINK [7] - The price structure shows an ascending pattern from lows of $18.04, confirming an uptrend with immediate upside targets at $19.00 and downside risk contained to the $18.40 support zone [7]