Hassan Maishera
Chainlink announced on Wednesday via X that Tokenyze is joining Chainlink Build to gain enhanced access to Chainlink's industry-leading oracle services and technical support.
Chainlink Build will help support the security and use of its enterprise-grade tokenization protocol. Tokenyze brings real-world inventory onchain by tokenizing warehouse receipts for metals and commodities, transforming idle real-world assets into usable, liquid financial instruments.
As part of BUILD, Tokenyze will receive key benefits, including access to and integration of Chainlink Proof of Reserve to verify 1:1 backing of tokenized inventory, Price Feeds for reliable asset pricing, and CCIP for secure cross-chain transfers of its tokenized assets, as well as access to new Chainlink product alpha and beta releases, among other benefits.
In return, Tokenyze will make a percentage of its total native token supply available to Chainlink service providers, including stakers.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is up 3.5% over the past 24 hours, trading at $16.54 at press time.
