Chainlink is making significant strides in the Middle East as it partners with Saudi Awwal Bank (SAB), one of the kingdom’s leading banking institutions with assets exceeding $100 billion. SAB has announced its decision to adopt Chainlink’s cutting-edge blockchain infrastructure to enhance on-chain financial operations.
The collaboration will see SAB implement Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Chainlink Runtime Environment (CRE) to advance digital transformation initiatives in the region. CCIP facilitates secure cross-chain asset transfers, effectively bridging decentralized applications (dApps) with traditional financial platforms. Meanwhile, the CRE offers developers a comprehensive toolkit to create applications and access diverse APIs.
This partnership follows a recent agreement between SAB and Wamid, aimed at exploring the potential for capital market tokenization. The move underscores the growing trend of institutions increasingly embracing blockchain technology, particularly Chainlink’s unique solutions.
This latest development appears to be part of a broader wave of success for Chainlink, which has been on an upswing in 2025. The platform recently unveiled a range of tools designed to support traditional finance products across multiple blockchain networks. Notable advancements include the launch of a multi-chain compatible version of Tether Gold and a collaboration with the U.S. Department of Commerce to disseminate vital economic data across various blockchain networks.
The momentum for Chainlink is also highlighted in a recent report from the World Economic Forum that showcased the capabilities of its CCIP protocol, further cementing its reputation as a leader in the blockchain interoperability space.
Investors have responded positively to these developments, with Chainlink’s native token, LINK, trading up a remarkable 117.5% over the past year, currently valued at $23.16. The asset boasts a market capitalization of approximately $15.7 billion and reflects a total value secured (TVS) of over $62.93 billion.
In addition to external partnerships, Chainlink has initiated other strategies to enhance its market position. In early August 2025, the network established an on-chain LINK reserve, which has been funded through both on-chain and off-chain revenue streams. This reserve has accumulated 280,049 LINK tokens, valued at about $6.5 million, with an average acquisition cost of $22.44 per token.
However, market fluctuations have shown LINK trading down 1.91% in the past 24 hours and down 7.16% for the month, following a peak of $26.74 earlier in the year. Despite these short-term setbacks, Chainlink’s ongoing partnerships and innovative solutions continue to position it as a front-runner in the blockchain space.
