Chainlink Teams Up with Balcony to Tokenize $240B in Real Estate Data
28/10/2025
Chainlink (LINK) traded just above $18 on Tuesday as the oracle network announced a landmark partnership aimed at advancing real-world asset tokenization and blockchain-based property data systems.
LINK’s trading volume surged to 2.27 million tokens, about 91% above its daily average, reflecting renewed investor interest amid broader adoption momentum. Despite the spike, the token faced stiff resistance near $19, a level that has repeatedly capped short-term rallies, according to CoinDesk Research data.
The market action followed Chainlink’s new collaboration with Balcony, a real estate tokenization platform that works alongside local governments. Balcony will leverage Chainlink’s Runtime Environment (CRE) to bring more than $240 billion in government-sourced property data onchain. The initiative seeks to make real estate assets transparent, verifiable, and programmable, starting with parcel-level land records.
Balcony’s Keystone platform, powered by Chainlink CRE, enables authenticated property data to move directly onchain, creating the foundation for compliant, data-driven digital real estate markets. The deal reinforces Chainlink’s growing role in real-world asset (RWA) infrastructure, where secure, auditable data flow is vital for institutional participation.
In a separate development, Virtune, a Swedish-regulated digital asset manager and crypto fund issuer, said it has integrated Chainlink’s Proof of Reserve service across its $450 million in digital asset exchange-traded products (ETPs). The integration verifies total asset holdings without revealing wallet addresses, boosting transparency and investor confidence.
LINK Technical Overview: Bulls Eye $19 Breakout
- Support / Resistance: LINK holds primary support near $18.21, with a secondary floor around $18.30. Overhead resistance persists at $18.82, with major supply near $19.00.
- Volume Strength: Daily volume surged to 2.27 million LINK, 91% above average, confirming active institutional involvement.
- Trend Formation: A sustained ascending pattern from $18.04 lows supports a bullish bias.
- Targets: Short-term upside aims for $19.00, while downside risk remains limited to $18.40.
With strategic integrations and enterprise partnerships accelerating, Chainlink’s expanding role in real-world data infrastructure continues to strengthen its market position. Technical indicators point to a potential continuation above $19, provided bullish momentum and adoption trends persist.
