Hassan Maishera
Chainlink announced via X on Wednesday that Robinhood has adopted Chainlink as its official data and cross-chain oracle. Chainlink is now powering Robinhood Stock Tokens and unlocking access to the onchain economy for millions of users.
Robinhood Chain is natively leveraging the Chainlink platform, including:
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CCIP to unlock secure cross-chain connectivity across the multi-chain ecosystem
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Data Streams and Data Feeds to power fast, secure, and accurate pricing for Stock Tokens
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 1.9% over the past 24 hours, trading at $7.31.
