Chainlink Pushes Institutional DeFi Forward With Westpac & Imperium in $12B+ Tokenization Pilot - Crypto News Flash

• Chainlink gains traction with Westpac and RBA backing, boosting trust in tokenized settlements.
• LINK price climbs with bullish momentum, support holds above $15, possible rally toward $18.81 next.

Chainlink has secured a major role in Project Acacia, a collaboration involving Westpac Institutional Bank and Imperium Markets under the supervision of the Reserve Bank of Australia and Digital Finance CRC. The project aims to test tokenized asset settlement in a compliant and secure manner using blockchain and existing national payment infrastructure.

This initiative utilizes Chainlink’s Cross-Chain Interoperability Protocol, leveraging the Chainlink Runtime Environment (CRE) to manage Delivery vs. Payment (DvP) settlement across digital and traditional markets. By bridging on-chain assets with real-world financial systems, the effort is designed to support institutional involvement through a safer digital architecture.

Chainlink described the project as “key to accelerating the adoption of digital assets and bringing institutional capital onchain” in a statement on X. The move signals stronger involvement from top-tier banks in blockchain-linked asset settlement.

Estimated $12B in Savings Could Reshape Capital Markets

According to Westpac’s statement, the potential savings from full-scale tokenization in Australian capital markets could range from AUD 1 billion to AUD 4 billion annually, with a total value surpassing AUD 12 billion over time. This includes efficiency gains for issuers through the use of token-based systems.

Westpac also pointed to the pilot as an important testbed for how digital money can enhance wholesale market operations. It emphasized the use of risk-free settlement assets within a system that follows regulatory safeguards and uses a dependable technical backbone.

The involvement of the Reserve Bank of Australia adds weight to the project, putting Chainlink in a credible position to attract further institutional attention. Market analysts view this as a long-term positive sign for LINK token’s role in global finance infrastructure.

LINK Price Climbs Amid Institutional Confidence

Chainlink’s price has reacted with strength. On Thursday, LINK was trading at $16.86, showing a 4.61% daily rise and nearly 18% gain over the past week. On June 11, the price broke through the $15.07 resistance zone, which coincides with the 200-day EMA at $15.18.

After retesting this area earlier this week, LINK rebounded and kept momentum into Thursday. This zone now acts as a support level, and if it holds, the price may reach its next target around $18.81.

The RSI currently stands at 70 after pulling back from overbought conditions, pointing to a slowdown in the bullish strength. Still, MACD signals from late June show a bullish crossover with growing green histogram bars, suggesting that LINK may continue an upward path.

Crypto trader @CryptoSwan777 mentioned that LINK may enter a buy zone between $14.20 and $14.70. His analysis suggests a short-term drop could occur before an upward move above $20. If the support at $15.07 fails to hold, a correction toward the 50-day EMA at $14.33 could take shape.

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