Caliber Board Approves Digital Asset Treasury Strategy for Chainlink
Caliber, a Nasdaq-listed real estate asset manager, has approved a digital asset treasury (DAT) strategy focused on acquiring LINK, the cryptocurrency of the Chainlink protocol. This move aligns with institutional adoption trends in digital assets.
Key Points of Caliber's DAT Strategy
- The Board established a DAT Policy and formed a Crypto Advisory Board of blockchain experts.
- Treasury funds will be allocated for acquiring and staking LINK tokens.
- Funding will come from existing equity line of credit (ELOC), cash reserves, and equity securities.
- Partnerships with firms like Perkins Coie and Deloitte have been formed to support the initiative.
- The DAT Policy includes frameworks for acquisition, custody, and management of digital assets.
- The aim is to boost shareholder value, strengthen the balance sheet, and improve liquidity.
Chainlink Developments
- Bitwise Asset Management submitted an S-1 filing for a spot LINK Exchange Traded Fund (ETF) to the SEC.
- The ETF will track LINK's price without direct exposure to associated risks.
- Chainlink secured ISO 27001 certification and SOC 2 Type 1 attestation, verified by Deloitte & Touche LLP.
- Currently manages over $90 billion in on-chain value, serving protocols like Aave, GMX, and Compound.
- Its CCIP standard is utilized by traditional banks such as Swift and UBS, bridging DeFi and TradFi.