Ondo Finance Picks Chainlink to Power Its Tokenized Stocks and ETFs
Chainlink has been designated by Ondo Finance as the official oracle provider for its ETFs and tokenized stocks. The goal of the action is to enhance the flow of financial data between blockchain networks. Chainlink will provide personalized price feeds for over 100 tokenized stocks on the Ondo platform. This contains stocks and ETFs listed in the United States. Currently, Ondo’s tokenized stocks are spread over ten blockchains. According to a statement, they reflect a total value locked of over $320 million.
Ondo Finance Enhances Transparency With Chainlink’s Oracle Technology
Accurate valuation and real-time updates for tokenized stocks, including corporate operations like dividend payments, across various blockchains will be made possible by the connection. With the help of Chainlink‘s dependable oracle infrastructure, Ondo Finance hopes to give investors everywhere price stability and transparency.
BNB Chain Expansion Boosts Ondo’s Access to Global Investors
With its recent acquisition of BNB Chain, Ondo has increased its market share in Asia and Latin America and made the U.S. market more accessible to foreign investors. The business intends to join Chainlink in embracing the Cross-Chain Interoperability Protocol (CCIP) as a standard for the industry. In order to promote blockchain-based financial infrastructure, it is collaborating with international organizations such as SWIFT, DTCC, and Euroclear.
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