Hassan Maishera
Chainlink announced via X on Tuesday that OpenAssets, a leading digital asset infrastructure provider, has chosen Chainlink as its partner oracle platform to unlock the issuance and distribution of institutional tokenized assets across onchain finance.
OpenAssets' network includes the world's largest exchange, ICE, the world's largest stablecoin issuer, Tether, the world's largest digital sports platform, Fanatics, as well as Mysten Labs, KraneShares, and many other leading institutions, while Chainlink has been adopted by Swift, Euroclear, Mastercard, and more.
This strategic partnership enables financial institutions to leverage OpenAssets' full-stack tokenization and stablecoin infrastructure as well as Chainlink's industry-standard oracle platform in an easy to use format.
OpenAssets provides institutions with a modular, protocol-agnostic and asset-agnostic whitelabel platform that enables customers to launch tailored, proprietary tokenization platforms without the need to build foundational infrastructure from scratch, while the Chainlink Runtime Environment (CRE), along with Chainlink's Cross-Chain Interoperability Protocol (CCIP), Digital Transfer Agent (DTA) technical standard, NAVLink, and Price Feeds provide the secure data connectivity, cross-chain interoperability, orchestration, and the legacy system integration required for institutional-grade operations.
Chainlink is the industry-standard oracle platform bringing the capital markets onchain and a market leader powering the majority of decentralized finance (DeFi). Chainlink stands to benefit most from emerging blockchain industry trends, such as stablecoin adoption, real-world asset tokenization, and institutional adoption of blockchain technology.
Chainlink is powered by the LINK token, which is used to pay for platform services and secure the network’s proper functioning. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.
Chainlink is at the forefront of financial innovation and the global tokenization trend. Traditional financial institutions and infrastructure, such as SWIFT, DTCC, Euroclear, J.P. Morgan, Mastercard, the Central Bank of Brazil, UBS, SBI, Fidelity International, ANZ, and many others, are adopting Chainlink as a fundamental infrastructure as they move toward tokenizing trillions onchain. Demand for Chainlink has already generated hundreds of millions of dollars in revenue across a variety of traditional and decentralized use cases.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 2.2% over the past 24 hours, trading at $9.33.
