Japan’s SBI Group Partners With Chainlink to Accelerate Stablecoin and Tokenized Asset Innovation

Chainlink’s native token LINK slipped over 6% in the past 24 hours, dropping to $24.40, even as the project unveiled a major partnership with Japanese financial giant SBI Group. The decline comes after LINK touched a year-to-date high above $27 late last week, with the broader crypto market also under pressure.

SBI said the partnership will focus on developing tokenized assets and stablecoin solutions in Japan, with expansion into other Asia-Pacific markets planned. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) will power compliant cross-chain transfers, while pilot projects will explore on-chain NAV reporting for tokenized funds and payment-versus-payment settlement for FX and cross-border activity. Chainlink’s Proof of Reserve will ensure stablecoin collateral transparency.

The tie-up builds on the companies’ earlier collaboration under Singapore’s Project Guardian, an initiative by the Monetary Authority of Singapore to test blockchain use cases in finance.

Market View
Technical indicators show resistance forming near $26.61, where price gains reversed on heavy volume. Strong buying interest has emerged around $24.37, with daily trading volume spiking to nearly 7.9 million LINK, well above the 24-hour average of 2.7 million. Still, a sequence of lower highs suggests bearish momentum is intact.

While the token faces near-term downside, analysts see the SBI partnership as strengthening Chainlink’s role in institutional adoption of tokenization and cross-chain financial infrastructure.