Haciyev Reşit 
A New Development Boosting Institutional Interest in the Crypto Market Saudi Arabia’s leading financial institution, Awwal Bank, has officially announced a strategic partnership with Chainlink (LINK). Managing over 100 billion dollars in assets, the bank will begin integrating Chainlink’s technologies into its on-chain applications.
A New Chapter in Institutional Adoption of Chainlink
Chainlink has recently been strengthening its position in global finance through major collaborations:
- The S. Department of Commerce confirmed that macroeconomic data will be transferred to blockchains via Chainlink and Pyth oracle networks.
- Polymarket integrated Chainlink to enhance its oracle infrastructure.
Now, with Awwal Bank—one of the most powerful financial institutions in the Middle East—joining the ecosystem, Chainlink’s adoption is clearly expanding beyond the West to a global scale.
Partnership Details
According to the announcement, Awwal Bank will integrate Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and runtime environment into its systems.
This integration will enable:
- Real-time data verification,
- Secure execution of smart contracts,
- Increased transparency and reduced fraud risk,
- Faster and more efficient back-office operations.
Experts believe this collaboration could pave the way for other financial institutions in Saudi Arabia to adopt Chainlink technologies.
Impact on LINK Price
Chainlink’s growing institutional network is positively reflected in its token performance. Since the start of the year, LINK has surged nearly 120%, currently trading around 23 dollars. Analysts suggest that continued partnerships and accelerating adoption will further strengthen Chainlink’s ecosystem value.
The Awwal Bank partnership confirms Chainlink’s role not only in the crypto industry but also in traditional finance as a trusted technology provider. After securing collaborations with U.S. institutions and global projects, the entry of Saudi Arabia’s banking giant into the Chainlink ecosystem sends a powerful signal for LINK’s long-term future.
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