A publicly listed real estate firm has become the first corporate treasury vehicle to hold Chainlink (LINK) as a reserve asset, signaling the growing push by companies to adopt alternative digital assets beyond Bitcoin (BTC) and Ethereum (ETH).

CaliberCos, a Phoenix-based asset manager whose stock has fallen more than 98% since its 2023 Nasdaq debut, announced that its board approved a strategy to allocate part of its treasury to Chainlink’s native token.

The company also plans to stake the tokens to generate yield for investors and integrate Chainlink’s blockchain technology into core operations such as asset valuation and automation.

Treasury shift amid struggles

The pivot comes as Caliber grapples with severe financial pressure. Just a day before the announcement, Nasdaq issued the company a delisting notice for failing to meet the $160 million minimum stockholder equity requirement.

At the end of June, Caliber’s equity stood at just $17.6 million.

Despite its challenges, the move drew strong investor reaction. Shares surged 60% after the announcement, highlighting how digital asset exposure can provide momentum to struggling firms.

The announcement also comes amid several high-profile developments and partnerships for Chainlink, including with Japan’s SBI and potentially spot exchanged traded funds tied to LINK.

Chainlink adoption expands

With the decision, Chainlink joins Bitcoin and Ethereum as tokens adopted by corporate treasuries, expanding the universe of digital assets held on balance sheets. Caliber’s board described LINK as a liquid asset with long-term growth potential.

The firm’s CEO, Chris Loeffler, said the strategy reflects Caliber’s goal of being a diversified alternative asset manager that bridges physical and digital infrastructure.

Alongside the treasury allocation, Caliber has also formed a crypto advisory board made up of several experts to oversee its digital asset policy.

The development marks a milestone for Chainlink, whose token has risen sharply this year amid record wallet growth and growing adoption of its blockchain services.

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Buenos Aires has switched on “BA Cripto,” a policy package that lets residents and businesses settle city taxes and administrative fees using cryptocurrencies, including Bitcoin. Rolled out on Tuesday, August 19, 2025, the program covers municipal levies such as ABL (property tax), Patentes (vehicle tax), and Ingresos Brutos (turnover tax), as well as non-tax procedures like driver’s licenses and traffic fines, payable via a city QR flow.

Buenos Aires Goes Crypto

City Hall’s move is broader than a payments toggle. Officials unveiled four measures: adding crypto-linked activities to the city’s economic-activity nomenclator to simplify filings; excluding virtual-asset service providers (PSAVs) from certain bank-collection regimes under the turnover tax; shifting the taxable base for crypto trading from gross transaction value to the net spread; and enabling QR crypto payments for both taxes and administrative services. The government framed the package as a regulatory tune-up that reduces frictions while aligning taxation with how digital-asset markets actually operate.

Mayor Jorge Macri presented the initiative as an institutional modernization designed to attract investment and make compliance easier. “The goal is for the City to be a world leader in crypto,” he said, adding: “We already have the human capital, and now we are building the tools by reducing bureaucracy to make taxpayer compliance easier and to support the arrival of new companies setting up here.” The remarks were delivered at The Slow Kale in Colegiales, a venue that accepts crypto payments.

Macri also argued the package signals a friendlier posture toward the sector: “These measures ensure the crypto world sees that the City is increasingly friendly. The digital economy compels us to update and adapt with a modern, agile, efficient and intelligent State. We want talent to find a place to grow, innovate and lead without obstacles.”

The backdrop is growing usage. According to city data cited at launch, roughly 10,000 people in Buenos Aires receive income from abroad via crypto or PayPal, and the use of PIX rails has been rising. Nationwide, Argentina counts “more than 10 million” crypto accounts—about 22% of Latin America’s total—figures the city says justify tailored rules and public-service rails that natively accommodate digital assets.

For firms, the classification update matters because it gives crypto activities an explicit slot in the tax nomenclator, improving clarity “without fiscal cost” and easing cross-jurisdiction information matching. Excluding PSAVs from bank-collection regimes is intended to curb automatic withholdings that can tie up working capital, while the new spread-based tax base acknowledges the mismatch between high-volume, low-margin trading and a gross-receipts framework. Together, these steps amount to what the city calls a more “agile” and “transparent” environment for digital-asset businesses to operate in the capital.

On the consumer side, the payment experience is meant to be straightforward: scan a city QR and pay the selected tax or fee with a compatible wallet. Officials said only some wallets currently support crypto payments, but a Buenos Aires–provided “aggregator” is in the works to let “neighbors and companies” pay “from any wallet, directly, faster, and simpler.” The government did not publish a technical spec or list of supported assets at launch.

Hernán Lombardi, the city’s Economic Development Minister, cast the reforms as a recalibration of legal and tax treatment for digital assets. “These reforms mark a change in the legal and tax treatment of digital assets. Less bureaucracy, greater legal certainty, and clear rules will translate into more investment,” he said, noting the updated nomenclator will help “determine and clarify the activities of companies and individual crypto-asset users, and thus avoid withholdings that compromise the sector’s working capital.”

At press time, the total crypto market cap stood at $3.77 trillion.

Featured image created with DALL.E, chart from TradingView.com

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Illuvium has announced a significant restructuring effort, aiming to cut costs and adjust its development focus to an MMO lite model.

The company is reducing its monthly spending to $500,000 by March, with cost-cutting measures that include salary reductions, operational adjustments, and team layoffs. Some employees have been given the option to receive payments in Illuvium’s native $ILV token instead of $USDC.

These changes come as the studio prepares for a shift in its flagship title, Overworld, which will transition to an “MMO Lite” model rather than a traditional open-world experience. This move follows previous cost-cutting efforts in 2024, when Illuvium reduced its monthly expenses from nearly $1 million.

What changes can we expect from Overworld?

Overworld, initially designed as an open-world creature-collection game, will now adopt an “MMO Lite” structure as announced in December last year.

This means the game will incorporate multiplayer elements whilst maintaining a streamlined design without the complexity of a full-scale MMORPG. Players will still be able to explore, capture creatures, and engage in battles, but the focus will shift toward a more interactive and multiplayer-driven experience.

Illuvium has clarified that they are not building this from scratch but an effort to integrate MMO-style features in a way that keeps the game accessible. The studio has stated that development on Overworld’s new structure will become the primary focus by mid-2025, following the completion of major updates to Illuvium Arena’s PvP mode in the second quarter.

What’s next for Overworld?

Alongside the restructuring and game design changes, Illuvium has previously announced plans to introduce AI-driven NPCs to Overworld.

Through a partnership with Virtuals Protocol, these NPCs will provide interactive elements such as dynamic dialogue and personalised questlines. The goal is to create a more immersive environment without the need for large-scale manual content creation.

Whilst the restructuring extends Illuvium’s financial runway, the company has acknowledged that further funding will be necessary to complete Overworld’s transition. The success of these changes will depend on how effectively the team can implement the revised game structure whilst maintaining community engagement.