Ondo, Chainlink Forge Alliance for On-chain Institutional Adoption
Ondo Finance and Chainlink have announced a strategic partnership to enhance infrastructure adoption by traditional institutions. Chainlink will serve as the data provider for Ondo's tokenized stocks and ETFs, using its Cross-Chain Interoperability Protocol (CCIP) for cross-chain asset movement.
- Ondo is known for tokenizing real-world assets across ten blockchains and integrating with over 100 applications.
- This partnership aims to expand institutional asset tokenization using Chainlink's oracle solutions.
- Institutions and asset managers are expected to benefit from improved access to on-chain capital markets.
- Ondo recently expanded its $1.8 billion tokenization market to BNB Chain, following the launch of Ondo Global Markets, offering over 100 tokenized equities on Ethereum.
- Ondo became the first real-world asset provider to join Mastercard’s Multi-Token Network earlier this year.
The announcement initially led to a 60% increase in ONDO token trading volume, but the price dipped by 5%, attributed to broader market trends influenced by U.S.-China tariff tensions.
Ondo's moves with BNB and Chainlink are seen as steps toward greater enterprise adoption and interoperability between on-chain and traditional markets.