Chainlink and Balcony Partner to Tokenize $240B in Government Property Data
28/10/2025
Chainlink (LINK) traded just above $18 on Tuesday, showing resilience amid market volatility following news of a major partnership aimed at advancing real-world asset (RWA) tokenization in the property sector.
Trading volume for LINK climbed to 2.27 million tokens, roughly 91% above the daily average, signaling strong participation from institutional traders. Despite the surge, the token faced stiff resistance near the $19 mark, where multiple rallies have previously stalled, according to CoinDesk Research data.
The uptick followed Chainlink’s new collaboration with Balcony, a real estate tokenization platform working alongside local governments. Balcony will utilize Chainlink’s Runtime Environment (CRE) to bring more than $240 billion worth of verified government property data onchain. The project seeks to make real estate assets programmable, transparent, and verifiable, beginning with parcel-level land records.
Balcony’s Keystone platform, powered by Chainlink CRE, allows authenticated data to flow directly onchain, helping establish compliant and regulated digital property markets. The partnership reinforces Chainlink’s expanding role in RWA tokenization, where trusted, secure data transmission is essential for institutional adoption.
In a separate development, Virtune, a Swedish-regulated digital asset manager, announced the integration of Chainlink’s Proof of Reserve service across its $450 million in exchange-traded crypto products (ETPs). The system verifies total asset holdings while protecting wallet privacy, improving transparency and investor confidence.
Technical Snapshot: LINK Eyes Breakout Above $19 Resistance
- Support / Resistance: Primary support at $18.21, with secondary support around $18.30. Resistance remains firm at $18.82, with overhead supply near $19.00.
- Volume Dynamics: Daily volume of 2.27 million LINK was 91% above average, confirming renewed institutional activity.
- Trend Structure: An ascending formation from $18.04 lows supports the ongoing uptrend.
- Targets: Immediate upside target sits at $19.00, with downside risk limited to $18.40.
With enterprise adoption expanding and RWA integrations accelerating, Chainlink’s growth trajectory continues to strengthen both technically and fundamentally. A decisive move above $19 could confirm a bullish continuation in the near term.
