Hassan Maishera
Chainlink announced via X on Wednesday that Ascend is joining Chainlink Build to gain enhanced access to the Chainlink standard and technical support. As a part of Build and with the strategic backing of PSG Digital, Ascend aims to accelerate ecosystem growth and long-term adoption of onchain composable RWAs by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security.
Ascend is a US-focused, end-to-end real-world asset securities and capital markets protocol that seamlessly bridges institutional issuers from origination, structuring, permissioned tokenization, and collateralization into permissionless DeFi.
As a part of Build, Ascend will leverage the Chainlink Runtime Environment (CRE), CCIP, Price Feeds, and the Chainlink Automated Compliance Engine (ACE), to provide sufficiently decentralized data infrastructure on its platform.
In return, Ascend will make a percentage of its total native token supply available to Chainlink service providers, including stakers.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down 4.7% over the past 24 hours and is trading at $13.50 at press time.
