TLDR:
- Chainlink supports CBDC interoperability in Hong Kong’s cross-border settlement pilot.
- LINK token targets $47 based on Fibonacci wave projections and strong technical support.
- Chainlink earns protocol fees from global banks using its cross-chain smart contract tools.
- Institutions depend on Chainlink’s infrastructure, creating long-term demand for LINK tokens.
Chainlink has quietly evolved into essential infrastructure for leading global financial institutions. It now plays a key role in modern cross-border finance. Major players like SWIFT, DTCC, ANZ Bank, and Vodafone have already integrated its technology.
Moreover, the protocol’s unique revenue model generates fees from every transaction, creating a decentralized toll system that institutions must pay to access. This development marks a shift in how blockchain technology serves traditional finance, with Chainlink acting as the middleware connecting different financial systems.
The network’s Cross-Chain Interoperability Protocol now facilitates transactions between central bank digital currencies and stablecoins across multiple jurisdictions.
Hong Kong CBDC Pilot Showcases Chainlink’s Banking Infrastructure
Recent developments in Hong Kong demonstrate Chainlink’s growing role in central bank digital currency initiatives.
CHAINLINK FACILITATES CROSS-BORDER EXCHANGE BETWEEN HONG KONG CBDC AND AUSTRALIAN STABLECOIN
– @Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is now enabling the secure exchange between a Hong Kong Central Bank Digital Currency (e-HKD) and an Australian dollar… https://t.co/R6E4WbjfPu pic.twitter.com/GhsFSyTq9X
— BSCN (@BSCNews) June 9, 2025
Hong Kong’s e-HKD pilot program now uses Chainlink’s Cross-Chain Interoperability Protocol for secure exchanges with Australian dollar stablecoins. The system supports near real-time settlement between digital currencies across different blockchains. Major participants include Visa, ANZ Bank, ChinaAMC, and Fidelity International.
The pilot program addresses current financial system limitations by offering 24/7 settlement capabilities, replacing the traditional T+2 settlement cycle. Australian investors can now use A$DC to purchase tokenized money market fund units from Hong Kong, with simultaneous exchange of e-HKD and tokenized assets, eliminating settlement-related counterparty risks.
Visa’s Tokenized Asset Platform supports the infrastructure by minting, burning, and transferring tokens across chains while Chainlink ensures secure interoperability through smart contracts.
Chainlink Price Targets $47 Following Technical Breakout
Chainlink price analysis reveals promising technical patterns for LINK token holders. According to analyst Man of Bitcoin, LINK has completed its first wave, reaching the 38.2% Fibonacci extension level.
The crypto currently trades at $14.26 with a 24-hour trading volume of $271,751,147. This represents a 2.32% increase in the last 24 hours and a 3.44% growth over the past week.
Technical indicators suggest LINK may be entering a wave-ii correction phase with key support located at $11.44. The analyst projects that the target for wave-III could reach the 100% Fibonacci extension level at $47.31, representing upside potential for current price levels.
The Chainlink ecosystem presents a unique investment dynamic where retail investors funded the infrastructure that major institutions now depend upon.
$LINK zoomed out.
Wave-i has reached the ideal target, which is the 38.2% Fib extension level.
The chart is now likely working on a wave-ii correction with key support located at $11.44.
Target for wave-iii of circled wave-iii is the 100% Fib extension level at $47.31. pic.twitter.com/fTO4rPjqJH— Man of Bitcoin (@Manofbitcoin) June 9, 2025
Unlike traditional venture capital investments, Chainlink operates as a protocol with built-in usage fees rather than equity ownership. This structure creates recurring revenue streams and infrastructure lock-in without traditional corporate liabilities.
Financial institutions cannot avoid paying LINK tokens to access real-world data, cross-chain messaging, and proof-of-reserves services. The protocol’s design ensures that every institution requiring blockchain connectivity must participate in the LINK token economy, creating sustained demand for the cryptocurrency regardless of market conditions.
