Chainlink and BTguru Partners to Revolutionize Turkey’s Tokenized Securities Market

• BTguru integrates Chainlink’s technology to boost security, liquidity, and compliance in Turkey’s tokenized securities market.
• The Chainlink-BTguru partnership promotes innovation, improving data reliability and interoperability for institutional digital assets.
• LINK/USDT surges 4.23% as the partnership aligns with the global trend of tokenization and market scalability.

BTguru and Chainlink have partnered strategically to increase institutional use of tokenized securities in Turkey. Through the partnership, BTguru’s platform will incorporate Chainlink’s state-of-the-art technology to tackle issues in the tokenized asset market. It is anticipated that the collaboration will promote innovation in the ecosystem of digital assets while enhancing security, liquidity, and data connectivity.

BTguru’s Managing Partner, Can Bukulmez, announced that the partnership would focus on improving data reliability and interoperability in Turkey’s tokenized securities market. He emphasized that Chainlink’s infrastructure would help financial institutions utilize tokenized assets effectively while ensuring compliance and security. He highlighted that the Chainlink standard would unlock new opportunities for institutions to explore the full potential of digital assets.

Boosting Institutional Innovation and Trust

The collaboration aims to address critical gaps in the tokenized asset economy, including security and compliance concerns. David Fuchs, Chainlink’s Business Development Head for EMEA, stated that the partnership would empower BTguru to support its clients better. He pointed out that Chainlink’s infrastructure meets stringent requirements for institutional-grade assets, making it an ideal choice for enhancing trust and innovation.

As Chainlink expands its presence in the region, it aims to foster greater adoption of tokenized assets by leading players like BTguru. This partnership reflects the growing demand for scalable solutions in digital assets and aligns with the global trend toward tokenization.

Market Implications for Chainlink

The partnership announcement coincides with developments in the Chainlink market. LINK/USDT is trading at $21.18, up 4.23% today. A symmetrical triangle pattern in the price chart suggests market consolidation. Resistance stands at $22, while support holds firm at $18.

Fibonacci retracement levels indicate crucial support at $18.11 and resistance at $26.04. Volume spikes during breakout attempts highlight active market participation. Moreover, the Awesome Oscillator shows declining bearish momentum, signaling a possible shift in sentiment.

Chainlink’s strategic moves and strong price performance underscore its role in the evolving tokenized asset economy. The partnership with BTguru positions Chainlink as a pivotal player in driving innovation and trust in Turkey’s institutional-grade digital asset ecosystem.