8th September 2025 > > Chainlink, tokenisation, & El Salvador.

tl;dr

We discuss Chainlink once more. El Salvador celebrates an important day with an important display of independence.

Market Snap 

Market Wrap

We discuss Chainlink once more. El Salvador celebrates an important day with an important display of independence.

Market Wrap

Glassnode reports that 72% of current supply of BTC is now owned by long-term investors, not least of which is MSTR. The fewer the number of coins in circulation, the harder it is to source them.

Curious Cryptos’ Commentary – Chainlink and tokenisation

It’s all about LINK again.

On Friday, Sergei Nazarov, co-founder of Chainlink, met with Paul Atkins the recently installed Chair of the SEC who has been tasked with the responsibility of ensuring that the US becomes the centre of global innovation and adoption of cryptos.

The topic du jour was the opportunities presented by tokenisation of real-world assets which has attracted predictions of between $2.5 TRILION and $30 TRILLION or more of notional within just a few short years. Sergei, though he is not an impartial observer, makes an intriguing claim:

“While cryptocurrencies define the majority of our industry's value today, I personally feel very strongly that the real-world asset trend and digital-asset tokenization in the institutional world will grow to be the majority of the market cap in our industry."

The process of tokenisation has hardly begun, mostly because of legal and regulatory uncertainty. This was a tactic deliberately employed to slow the crypto revolution by the previous incumbent of the SEC and his political master in the shape of liberty and privacy denying Senator Elizabeth Warren. Paul intends to change that landscape, and fast. Sergei was very impressed with Paul’s knowledge and desire to put in place regulation that will encourage an explosion in the value of tokenised assets:

“… Paul Atkins has very clear ideas and goals with getting the traditional financial system operating correctly on-chain."

Sergei and Paul discussed a key obstacle:

“The legally binding transfer of assets is a class of problems that's now getting worked through with us.”

Progress on that front is already being made.

Yesterday the CCC reported that the SEC has clarified that traditional broking firms are allowed to offer crypto services, and that tokenised assets remain as securities subject to current securities laws and processes.

Boom, just like that, much of the fog of uncertainty is lifted. We await only the passing of The Responsible Financial Innovation Act of 2025 to have it set in stone.

…

The multi-trillion democratisation of TradFi, materially lowering the cost of capital for business, improving productivity, and making us all richer is edging ever closer, with Chainlink at the heart of this technological revolution. What exciting times we live in.

Curious Cryptos’ Commentary – El Salvador

To mark the 4^th anniversary of El Salvador’s adoption of BTC as legal tender, President Nayib Bukele had this to say:

I am sure you don’t need to ask the significance of the number 21 in this context.

And all this despite the loan from the IMF demanding an end to purchases of BTC by El Salvador, a demand they ignore daily. Putting two fingers up at the poverty-creating IMF must be one of the greatest pleasures in life. He may have his faults, but he has got this one right. Well done, Nayib.