AlloyX Adopts Chainlink Proof of Reserve and NAVLink

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Chainlink announced via X on Tuesday that AllyoX, an RWA platform, has adopted Chainlink Proof of Reserve & NAVLink on Arbitrum and Polygon. AlloyX is utilizing Chainlink to enhance transparency and verifiability for its Real Yield Token (RYT), a tokenized USD money market fund that brings traditional finance (TradFi) yields into decentralized finance (DeFi).

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by 10.9% over the past 24 hours and is trading at $23.24 at press time.

LINK-0.58%
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