Tokenization has been a long-running theme in crypto and blockchain. Large financial institutions that may have previously shied away from the revolution are embracing it, the latest being JPMorgan.
In other news related to digital currencies, Chainlink (LINK) has dipped slightly after a month-long run. Elsewhere, the presale for the latest in new DeFi projects, VC Spectra (SPCT), continues soaring.
Let’s start this article by looking at JPMorgan’s recent foray into blockchain innovation.
Summary
- JPMorgan launched a blockchain-based collateral settlement app.
- Chainlink (LINK) is cited in the recent K33 Research report as a ‘safe bet’ in tokenization.
- Stage 4 is imminent for VC Spectra’s (SPCT) presale with another surge.
Blockchain-Based Collateral Settlement Service For JPMorgan Goes Live
JPMorgan is an American-based financial services firm that has the largest bank in market capitalization globally. The banking giant has launched the Tokenized Collateral Network (TCN), a blockchain-based collateral settlement application.
The first goal of TCN is moving real-world collateral more quickly than the usual process, along with turning certain assets like shares and money market funds into tokens. Ultimately, all this reaffirms the increasing interest of traditional financial firms in crypto for investment purposes and tokenization.
The latter brings us the latest Chainlink news, where K33 Research referred to the network as a ‘safe bet’ in real-world asset (RWA) tokenization. Let’s study this development, along with Chainlink price forecasts.
K33 Research Cites Chainlink (LINK) As The ‘Safest Bet’ In RWA Trend
The whole premise of Chainlink (LINK) is connecting blockchains with the outside world through oracles. K33 Research, the research firm behind the digital wealth management platform K33, cited Chainlink (LINK) in their latest RWA report. An analyst from K33 Research, David Zimmerman, called Chainlink (LINK) the ‘safest bet‘ for anyone interested in RWA tokenization.
Chainlink (LINK) has grand ambitions of being number one in the best altcoins. Sergey Nazarov, its co-founder, stated in an interview with the Young and Investing YouTube channel that people will understand Chainlink (LINK) when ‘we power everything.’ In short, Chainlink (LINK) investors should be optimistic about the future.
Despite this, the Chainlink price has been down 11% since the start of the month, from $8.30 to $7.35. Yet, this is more of a breather for Chainlink (LINK), which had risen 44% from $5.75 since September 2023. With this in mind, the Chainlink price could reach at least $10 by 2024 and $20 by 2025, according to forecasts.
Lastly, let’s consider the new VC Spectra (SPCT) and why its presale shows no let-up in sales.
VC Spectra (SPCT): On The Brink Of Entering Stage 4 In Fast-Moving Presale
VC Spectra (SPCT) is a decentralized hedge fund for thriving startups operating in the multi-billion-dollar blockchain and tech markets. It provides seed and Series A funding for these companies to scale.
Additionally, the risks of these investments will be managed by VC Spectra’s (SPCT) suite of advanced strategies like arbitrage, hedging, and diversification. The platform will also use machine learning algorithms, providing unique profiting opportunities from cutting-edge insights.
Like other top DeFi projects, VC Spectra (SPCT) uses smart contracts to make the investing process more autonomous and decentralized. The purpose is to remove unnecessary financial third parties so that users can control their assets freely and get paid swiftly.
The latter is, of course, the end goal for VC Spectra, which will provide consistent quarterly dividends from its profits with the Spectra token, SPCT. Moreover, it also gives access to discounted pre-ICOs and voting rights for governance purposes.
SPCT is selling for $0.044 in Stage 3 of VC Spectra’s presale, with Stage 4 imminent. The last phase, Stage 6, will bring about an 82% increase for the token, equaling a new price of $0.080. Most importantly, it would be the final period before VC Spectra (SPCT) goes live and becomes a sought-after blockchain ICO on multiple exchanges.
Learn more about the VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Disclaimer: This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.
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