realestate

Nasdaq Real Estate Firm Surges on High-Stakes Bet on Blockchain

A promoter in deficit, a crypto in focus: could LINK become the backbone of ruined treasuries?

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ccumulating digital assets is no longer a niche strategy, but an essential tool for diversification and financial security. Traditional finance companies are now investing in cryptocurrencies like bitcoin and ether, while altcoins are gaining traction in institutional portfolios. The recent announcement by Nasdaq-listed real estate company Caliber to adopt Chainlink as part of its digital treasury strategy has sent shockwaves through the crypto world.

    Caliber's decision is a bold move, especially considering the company faces a Nasdaq delisting threat due to an equity deficit. However, the stock jumped 60% after the announcement, despite this risk. The company plans to use Chainlink to automate key processes like asset valuation and surround itself with crypto experts and law firms to secure its strategy.

    Chainlink's adoption by Caliber is part of a broader trend of "altcoin treasuries" gaining momentum. Other companies like Trump Media and Sharps Technology have also announced similar strategies centered on Cronos and Solana, respectively. Chainlink's decentralized oracle network establishes it as a key link between real-world data and smart contracts, making it an attractive investment for Caliber.

    Caliber's experience in alternative real estate spans 16 years, and the company manages $2.9 billion in assets across various sectors. The firm has mobilized major players like Perkins Coie, Deloitte, and Manatt to guide its digital transition. This is not a marketing stunt; Caliber wants to integrate Chainlink into its business processes, including asset valuation, fund administration, and flow automation.

    Chainlink's ACE compliance engine aims to unlock over $100 trillion of traditional capital, and the Caliber case may be just the beginning of a wave of adoptions that will reshape corporate treasuries. This development could have significant implications for the economy, making it an exciting time for those following the blockchain and crypto revolution.

Nasdaq real estate firm surges on blockchain investment, high-stakes bet made.