Ondo Finance, a key platform in the tokenization of real-world assets (RWAs), has announced a strategic partnership with the oracle network Chainlink. The collaboration, confirmed on October 30, aims to accelerate the adoption of on-chain assets by traditional financial institutions.

Powering On-Chain Institutional Finance

Under the agreement, Chainlink will serve as the official data provider for Ondo’s tokenized stocks and Exchange-Traded Funds (ETFs), delivering secure and transparent price feeds. The partnership also designates Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the preferred solution for moving these tokenized assets across different blockchains.

This integration is designed to provide institutions, asset managers, and protocol developers with reliable infrastructure for accessing on-chain capital markets. Ondo CEO Nathan Allman stated that using Chainlink’s oracles will allow their assets to be natively composable within the Decentralized Finance (DeFi) ecosystem and institutional channels.

Building a Multi-Chain Ecosystem

The collaboration with Chainlink is part of Ondo’s broader strategy for expansion. The company recently extended its $1.8 billion tokenization market to the BNB Chain, making its tokenized U.S. Treasury assets, bonds, and equities available to one of the largest blockchain ecosystems.

This expansion followed the launch of Ondo Global Markets, a platform offering over 100 tokenized equities on Ethereum for non-US investors. Earlier this year, Ondo also became the first RWA provider to join Mastercard’s Multi-Token Network, further strengthening its connections between blockchain technology and traditional payment systems.

Market Reacts to Partnership News

Despite the significance of the announcement, the market response for Ondo’s native ONDO token was mixed. In the 24 hours after the news, trading volume increased by 60% to reach $165 million. However, the token’s price experienced a 5% dip, a move attributed to a wider downturn in the cryptocurrency market.