Ondo and Chainlink partner to bring financial institutions onchain

Core Insights - Ondo Finance has formed a strategic partnership with Chainlink to enhance its tokenization platform, which allows for the digital representation of real-world assets [1][5] - The partnership aims to facilitate the movement of assets and operations on-chain for institutional players using Ondo's tokenization infrastructure and Chainlink's Cross-Chain Interoperability Protocol (CCIP) [5][7] Tokenization and Market Presence - Tokenization involves using blockchain technology to create digital tokens representing real-world assets, enabling fractional ownership for investors [1] - Ondo Finance hosts a significant institutional ecosystem, integrating with over 100 applications and offering more than 100 tokenized stocks and ETFs, with a total value locked (TVL) exceeding $300 million [2][3] Chainlink's Role - Chainlink provides an oracle network that connects smart contracts with real-world data, ensuring reliable price feeds for each tokenized equity [2][4] - The partnership will leverage Chainlink's institutional-grade data infrastructure to deliver comprehensive valuations on-chain, capturing all economic factors such as dividends [3][4] Interoperability and Future Prospects - Chainlink's CCIP enables seamless communication between different blockchains, allowing smart contracts, applications, and tokens to move across multiple platforms [6] - The collaboration is expected to broaden access to on-chain capital markets for financial institutions, asset managers, and protocol developers [7]