Ondo Taps Chainlink to Power Data Feeds for 100+ Tokenized Equities

Core Insights - Ondo Finance has selected Chainlink as the official oracle provider for its tokenized stocks and ETFs, aiming to enhance the flow of financial data across blockchain networks [1] - The partnership will enable Chainlink to provide custom price feeds for over 100 tokenized equities on Ondo's platform, which currently holds more than $320 million in total value locked across 10 blockchains [1][2] Group 1 - The data supplied by Chainlink will include corporate actions such as dividend payments, ensuring accurate valuations across various blockchains where these assets are traded [2] - Ondo has expanded its operations to the BNB Chain, increasing access for users in Asia and Latin America, particularly targeting non-U.S. investors seeking exposure to U.S. markets [2] Group 2 - Chainlink and Ondo plan to utilize Chainlink's Cross-Chain Interoperability Protocol (CCIP) as a standard for institutions to move tokenized assets between blockchains, with testing already underway by traditional finance firms [3] - The collaboration is part of a broader initiative, with Chainlink joining the Ondo Global Market Alliance to support the adoption of tokenized stocks on-chain [4] - Ondo will also participate in Chainlink's corporate actions initiative, which includes 24 financial institutions focused on integrating market infrastructure onto blockchain technology [4]