Ondo, Chainlink Forge Alliance for On-chain Institutional Adoption
Ondo Finance and Chainlink announce partnership to boost institutional RWA adoption, with Chainlink providing oracle services for tokenized stocks and ETFs.
Partnership establishes Chainlink as primary data provider for Ondo's tokenized financial products across multiple blockchains.
Ondo manages $1.8B in tokenized assets and recently expanded to BNB Chain with over 100 tokenized equities available.
ONDO token declined 5% despite increased trading volume following the announcement amid broader market downturn.
Ondo Finance and Chainlink have announced a strategic partnership to accelerate the adoption of infrastructure by traditional institutions on October 30. The agreement positions Chainlink as the data provider for Ondo’s tokenized stocks and ETFs, and selects Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the preferred solution for cross-chain asset movement for financial institutions.
Ondo has established itself as a prominent player in the tokenization of real-world assets (RWAs), managing assets across ten blockchains and integrating with more than 100 applications. This collaboration is set to expand the scope of institutional asset tokenization by leveraging Chainlink’s oracle solutions to deliver secure, transparent price feeds.
Ondo and Chainlink Unite to Bring Global Finance Onchain
Starting today, Ondo and @chainlink are joining together in a landmark strategic partnership to bring financial institutions onchain, building the infrastructure to tokenize trillions.
As part of the new partnership, Chainlink will help Ondo facilitate interoperability and data accuracy for its suite of tokenized stocks and ETFs. Institutions, asset managers, traditional financial intermediaries, and protocol developers are expected to benefit from seamless access to on-chain capital markets, leveraging Chainlink’s infrastructure for transparency and compliance.
Commenting on the announcement, Ondo CEO Nathan Allman stated that integrating Chainlink as the official oracle for tokenized stocks will allow their assets to be natively composable within the decentralized finance (DeFi) ecosystem and institutional channels.
Building on a Growing Tokenization Ecosystem
The strategic move aligns with Ondo’s broader push into new markets and chains. On October 29, Ondo expanded its $1.8 billion tokenization market to BNB Chain, extending its platform for tokenized US Treasury assets, bonds, and equities to one of the largest blockchain ecosystems.
This expansion forms part of a rapid growth phase following the launch of Ondo Global Markets, which now offers a suite of over 100 tokenized equities on Ethereum, targeting non-US investors.
Ondo’s increasing presence is marked not only by its cross-chain ambitions but also by partnerships with key financial players. Earlier this year, Ondo became the first real-world asset provider to join Mastercard’s Multi-Token Network, strengthening its linkages between blockchain and traditional payment systems.
Market Impact on ONDO Token
Following the partnership announcement, ONDO’s token price did not receive a positive market response. Trading volumes increased by 60% over the past 24 hours to $165M, while the token saw a noticeable 5% price dip, according to CoinMarketCap, driven by a broader crypto market dip related to the tariff war between the U.S. and China.
Ondo is making big moves with its announcement of BNB and Chainlink, generating expectations of wider enterprise adoption and enhanced interoperability with on-chain and traditional markets. Probably, in better market conditions, we will see whether the predictions of ONDO’s price will come true in the future.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
José Rafael Peña Gholam is a cryptocurrency journalist and editor with 9 years of experience in the industry. He wrote at top outlets like CriptoNoticias, BeInCrypto, and CoinDesk. Specializing in Bitcoin, blockchain, and Web3, he creates news, analysis, and educational content for global audiences in both Spanish and English.