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Chainlink Underpins Balcony's $240B Real Estate Tokenization Platform
Balcony will use Chainlink’s Runtime Environment (CRE) to bring over $240 billion worth of government-sourced property data onchain.
Oct 28, 2025, 6:24 p.m.
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What to know:
- Chainlink's LINK token trades at $18.50 as volume exploded 91% above average in a volatile session.
- Chainlink partnered with Balcony to tokenize $240B+ in real estate using government-sourced property data.
- Swedish digital asset issuer Virtune to use Chainlink Proof of Reserve to verify crypto ETP holdings.
The native token of oracle network Chainlink is fluctuating just above $18 in a volatile Tuesday session amid momentum in real-world adoption.
Trading volume spiked to 2.27 million tokens, 91% above the daily average, but resistance at the $19 level has capped multiple rally attempts, CoinDesk Research's market analysis model showed.
STORY CONTINUES BELOW
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On the news front, Chainlink inked a partnership on Tuesday with Balcony, a real estate tokenization platform working with local governments. Balcony will use Chainlink’s Runtime Environment (CRE) to bring over $240 billion worth of government-sourced property data onchain. The partnership aims to make real estate assets programmable, transparent and verifiable, starting with parcel-level land records.
Balcony’s Keystone platform, powered by Chainlink CRE, allows authenticated property data to flow directly onchain, helping build compliant digital real estate markets. The deal also underscores Chainlink’s expanding role in tokenized real-world assets (RWAs), where secure, regulated data handling is key to institutional adoption.
Meanwhile, Virtune, a Swedish-regulated digital asset manager and crypto fund issuer, said on Tuesday it has integrated Chainlink's Proof of Reserve service across its $450 million digital asset exchange-traded products (ETPs). The feature verifies and reports the aggregated asset holdings in the fun without revealing the individual wallet addresses, ensuring investors that the ETPs have the underlying assets.
Key Technical Levels Signal Bullish Continuation for LINK
- Support/Resistance: Primary support holds at $18.21 with secondary backing near $18.30, while resistance stays firm at $18.82 with overhead supply expected near $19.00
- Volume Analysis: Breakout volume of 2.27 million tokens exceeded average by 91%, validating institutional participation and momentum.
- Chart Patterns: Ascending structure from $18.04 lows completed with decisive breach confirming uptrend.
- Targets & Risk/Reward: Immediate upside targets $19.00 psychological level; downside risk contained to $18.40 support zone.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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