Why publicly traded caliber is a Treasury of Chainlink Building

Public Trading Asset Manager Caliber has his first important purchase of Chain link (Link) This week, with 278,0111 Link worth around $ 6.5 million to his treasury, announced it on Thursday.

The company based in Arizona has now taken over about $ 6.7 million in link in just over a month Since the announcement of the strategy for the Treasury strategy of Chainlink. While other companies stack assets such as Bitcoin, Ethereum, Solana or XRP, Caliber saw something unique in the link.

“We discovered that Chainlink was the obvious choice for us,” said Chris Loeffler, CEO of Calibre Decrypt About the new connections of the company with crypto. “It had institutional acceptance, it was useful in our actual company and Chainlink began to announce a number of really considerable partnerships.”

In addition to stacking link, the company will try to use Chainlink’s network to bring valuable off-chain data that are used in its daily business under-chains, which may reduce operating costs and increases the profitability in the process. Such a prominent example for the company is in ratings.

“Because we are a public asset manager, we must produce valuation work every quarter of all our assets and all our funds,” said Loeffler, who adds that it is usually a complex and manual process.

“To appreciate an apartment complex, you may need 10 data points,” he said. “Perhaps that is comparable sales, vacancy rates and current rental prices. Those documents data are crucial to be connected to a financial model that is performed to produce the value every quarter.”

With the help of the Chainlink network, however, the company believes that it can bring Real-World data to the chain and can better validate and automate its valuations, so that its investors ultimately offer more transparency. Loeffler said that further cases such as automated fund management may also be possible.

Chainlink works as an Oracle network and helps to draw safely verified data from off-chain sources on the chain for integration with block chains. The Network recently worked with the US Department of Trade To bring GDP data to the chain, and founder Sergey Nazarov has plagued further integrations hopes to help with the integrity of the electionsalso.

To pursue his goals on the chains, Caliber is looking for the right person to become a member of the company.

“Our next step, as far as the implementation, is that we are looking for an important person who would be a strategic rent within the company,” said Loeffler, who said the company is looking for someone with experience in real estate tokenization and blockchain.

“I would like to have hired that person and functions before the end of the year,” he added.

Although relatively new for the crypto ecosystem, Loeffler said that the company is warmly welcomed by the community.

“The Mariniers link and the link community as a whole are just enthusiastic,” he said, note of the rabid community of Chainlink investors who gather around the assets on social media. Loeffler’s X Bio indicates that he is a “new recruit” for the Marines link.

“The fact that we not only build a treasure chest and are a treasury company, but we are also tailored to integrating our Real-World assets in blockchain and to use the technology of Chainlink really resonated,” he added.

Shares of Caliber (CWD) have risen by more than 300% in the past month.