Ondo Finance and Chainlink Announce Strategic Onchain Partnership
Ondo Finance will use Chainlink’s oracle services, including CCIP, to provide accurate pricing and corporate action data for over 100 tokenized equities across multiple blockchains.
Ondo Finance has appointed Chainlink as the sole oracle provider for more than 100 tokenized stocks and ETFs on its platform, representing over $320 million in total value locked across 10 blockchains. The partnership will supply custom price feeds that include corporate actions such as dividend payments to maintain valuation accuracy. It also incorporates Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable seamless institutional transfers of tokenized assets, and involves joint participation in both the Ondo Global Market Alliance and Chainlink’s corporate actions initiative alongside institutions like Swift, DTCC, and Euroclear. The initiative targets non-U.S. investors seeking U.S. market exposure in regions with limited brokerage access.
- Oracle Infrastructure: Blockchain middleware that connects smart contracts with real-world data, enabling accurate and reliable information flow.
- Tokenized Equities: Traditional stocks represented as blockchain-based tokens, allowing them to be traded and settled on digital ledgers.
- Cross-Chain Interoperability Protocol (CCIP): A Chainlink protocol enabling secure data and asset transfer across different blockchain networks.