Ondo Finance and Chainlink are entering a strategic partnership to create the infrastructure necessary for bringing traditional financial institutions onto blockchain technology. The collaboration aims to facilitate the tokenization of trillions of dollars in real-world assets.

The partnership, unveiled today, positions Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the go-to solution for institutions venturing into cross-chain operations. Ondo, which has built a robust ecosystem encompassing over 100 global financial entities, blockchains, and protocols, will work alongside Chainlink to onboard banking and capital-market giants. This builds on prior joint efforts, including an integration with J.P. Morgan's Kinexys platform for settling tokenized assets across chains.

"Ondo's deployment of tokenized stocks using Chainlink showcases what institutional-grade tokenized stocks look like in production," said Sergey Nazarov, Chainlink's co-founder. "By securing its tokenized stocks with Chainlink, Ondo is redefining how traditional financial instruments can operate onchain in a programmable, composable, and globally accessible way. This is how we build the next generation of capital markets."

Ondo is also enlisting in Chainlink's corporate-actions initiative, joining a consortium of 24 heavyweight organizations such as Swift, the Depository Trust & Clearing Corporation (DTCC), and Euroclear. The goal: to streamline onchain handling of dividends, mergers, and other events that traditionally bog down legacy systems.

Read More:
https://www.prnewswire.com/news-releases/ondo-and-chainlink-announce-landmark-strategic-partnership-to-jointly-bring-financial-institutions-onchain-302599151.html?tc=eml_cleartime