TL;DR
- Ondo Finance and Chainlink are partnering to integrate banks, asset managers, and developers into onchain capital markets.
- Chainlink becomes Ondo’s official oracle provider, and its Cross-Chain Interoperability Protocol (CCIP) is positioned as the preferred solution for moving contracts, tokens, and applications across blockchains.
- Ondo offers over 100 tokenized stocks and ETFs across 10 blockchains.
Ondo Finance and Chainlink announced a strategic partnership to bring financial institutions into onchain capital markets.
The collaboration establishes Chainlink as Ondo’s official oracle provider and positions its Cross-Chain Interoperability Protocol (CCIP) as the preferred solution for cross-chain interoperability. The initiative aims to enable banks, asset managers, and developers to migrate their assets and operations to the blockchain, strengthening institutional adoption of tokenized assets.
Ondo: A Key Player in RWA Tokenization
Ondo Finance is a platform specializing in the tokenization of real-world assets (RWAs), with over 100 tokenized stocks and ETFs and a total value locked (TVL) exceeding $300 million. Its assets are available across 10 blockchains and integrated into more than 100 applications. The platform allows institutions to offer fractional ownership of stocks and funds via tokens, reducing reliance on intermediaries and improving liquidity.
Chainlink: The Default Data Provider
Chainlink provides its institutional-grade data infrastructure, delivering custom price feeds for each tokenized stock and capturing corporate events, such as dividends, to provide comprehensive onchain valuations. Additionally, its CCIP enables interoperability across different blockchains, allowing smart contracts, applications, and tokens to move seamlessly between multiple networks. This functionality allows Ondo’s tokenized assets to be composable across DeFi protocols and institutional networks, creating new use cases and improving operational efficiency.
The partnership also includes integrating Chainlink into the Ondo Global Market Alliance and participating in the corporate actions initiative alongside 24 financial institutions, including Swift, DTCC, and Euroclear. Adopting Chainlink as the official oracle infrastructure allows tokenized assets to be seamlessly composable across DeFi and institutional networks.
Ondo has the ability to redefine how traditional financial instruments operate onchain in a programmable, composable, and globally accessible manner. This integration will be pivotal for onchain capital markets, providing financial institutions with advanced tools to interact with tokenized assets securely, efficiently, and fully compatible with existing DeFi infrastructure
