#United States #New York #Chainlink #Ondo Finance #tokenized assets

Introduction

Ondo Finance, a prominent player in tokenized real-world assets (RWAs), has announced a strategic partnership with Chainlink, the highly regarded oracle platform in the industry. This collaboration aims to redefine how financial institutions engage with blockchain technology, focusing particularly on the implementation of tokenized stocks and ETFs.

Strategic Collaboration

As part of this partnership, Chainlink has been designated as the data standard for Ondo's tokenized securities. Furthermore, the collaboration will position Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the favored solution for financial institutions looking to bridge their operations across different blockchain environments, enhancing their efficiency and capabilities.

Advancing Tokenized Stocks

Ondo Global Markets is already the largest platform for bringing tokenized stocks and ETFs onchain, boasting over 100 tokenized assets valued at more than $300 million. With this partnership, Ondo will utilize Chainlink's robust data infrastructure to ensure the best pricing for its tokenized assets, offering institutions reliable and accurate market data that will support a wide range of economic activities and corporate actions.

Expanding Institutional Ecosystem

The collaboration not only strengthens the existing infrastructure but also connects financial institutions with a rapidly expanding ecosystem for tokenized assets. Ondo's infrastructure integrates over 10 blockchains, showcasing significant adaptability in the financial landscape. The joint efforts between Ondo and Chainlink aim to facilitate the movement of assets onto the blockchain, making digital transformation more accessible for traditional financial players.

Aiming for Innovation

This partnership marks a significant milestone in the evolution of capital markets. By enabling traditional financial institutions to tap into the benefits of blockchain, Ondo and Chainlink are setting a precedent for how real-world assets can be effectively tokenized and integrated into the decentralized finance (DeFi) landscape. As Nathan Allman, CEO and Founder of Ondo Finance states, “the convergence of traditional and decentralized finance is happening in real-time.”

Future of Financial Transactions

With the integration of Chainlink's oracle technology, Ondo is crafting a future where tokenized assets can be interacted with seamlessly across both DeFi and traditional financial platforms. As the tokenization of real-world assets continues to gain traction, this partnership showcases how significant financial innovations can be brought to the forefront, enabling a new era of capital markets.

Conclusion

Chainlink co-founder Sergey Nazarov emphasizes the transformative nature of this development: “Ondo's deployment of tokenized stocks using Chainlink is redefining how traditional financial instruments can operate onchain.” As both entities work closely to advance this initiative, financial institutions can expect to see enhanced interoperability, better data access, and ultimately, more opportunities to engage with evolving financial landscapes.

About Ondo Finance

Ondo Finance stands at the forefront of blockchain technology, committed to facilitating the transition towards a more open economy. Their goal is to create platforms and infrastructures that enable seamless integration of traditional financial markets with blockchain technology.

About Chainlink

Chainlink is recognized as the industry-standard oracle platform that has played a crucial role in bringing institutional-grade tokenized assets onchain and powering the majority of decentralized finance applications. With its comprehensive data and interoperability standards, Chainlink is pivotal in shaping the future of global financial markets.