Chainlink has officially welcomed DualMint into its BUILD program, marking a significant step in the push to connect traditional street-level businesses with decentralized finance (DeFi) solutions. This collaboration highlights Chainlink’s ongoing efforts to tokenize real-world assets (RWAs) by providing essential infrastructure that facilitates the integration of tangible, off-chain value into the blockchain ecosystem.
DualMint is in the process of developing what it refers to as the “Boring Index Vault.” This innovative project aims to finance everyday operations such as laundromats, vending machines, and vertical farms by leveraging blockchain liquidity. The goal is to unlock capital for these enterprises while offering participants predictable rewards in USDC, thereby exemplifying the RWA narrative and bolstering Chainlink’s fundamental value.
The partnership is timely, as Chainlink’s native token, LINK, has experienced a remarkable resurgence in the market, achieving an impressive 82.5% gain since July 1. Currently trading near $24.50, LINK is nearing a critical resistance level at $25.30. Analysts have noted that LINK is forming an extensive 45-month “cup-and-handle” pattern, which suggests potential long-term price targets between $100 and $125.
In this mutually beneficial collaboration, DualMint will utilize several of Chainlink’s key services, including Data Feeds which help secure markets around asset yields and Proof of Reserve, ensuring that liquidity and repayments are fully collateralized. This integration is designed to provide the necessary security and reliability to manage real-world financial operations on a blockchain.
In exchange for access to these secure services, DualMint has agreed to allocate a percentage of its native token supply to Chainlink service providers, including stakers. This arrangement fosters a symbiotic relationship wherein both ecosystems encourage and support each other’s growth. Bill Lee, co-founder of DualMint, emphasized that joining the BUILD initiative empowers the project to operate with enhanced security assurances.
The partnership serves to underscore the critical role that robust infrastructure plays in the burgeoning RWA sector. Projects handling real-world value rely heavily on established technology, which is why many opt for the security standards offered by Chainlink. This latest deal follows a series of strategic collaborations, including an AI partnership, and continues to reinforce the growing optimism surrounding Chainlink’s long-term vision and market position.
As Chainlink and DualMint move forward, the integration of blockchain technology into everyday businesses could potentially reshape financial dynamics for small enterprises, opening new avenues for capital and investment.
