Ondo Finance Partners with Chainlink for Enhanced Financial Data Management
- Chainlink has been named the official oracle provider for Ondo Finance’s tokenized stocks and ETFs.
- Custom price feeds will support over 100 tokenized equities, including U.S.-listed stocks and ETFs, across more than ten blockchains.
- Ondo’s tokenized equities represent over $320 million in total value locked.
- The partnership aims to improve data accuracy, including corporate actions like dividend payments.
- Ondo recently expanded to the BNB Chain, targeting non-U.S. investors seeking access to U.S. markets.
This collaboration will leverage Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for institutions transferring tokenized assets between blockchains, enhancing market infrastructure integration on blockchain platforms.
The partnership is significant as it combines Ondo’s extensive asset offerings with Chainlink’s technology, facilitating accurate valuations across various platforms and enhancing liquidity for over $320 million in assets.(Source)
