Hedera Hashgraph Teams Up with Chainlink to Boost DeFi and Tokenized Assets
The collaboration between Hedera Hashgraph (HBAR) and Chainlink (LINK) has taken a significant step forward with the integration of Chainlink’s Data Feeds and Chainlink Proof of Reserve onto the Hedera mainnet. This strategic move, announced on Dec. 16, aims to empower developers on the Hedera network by providing access to premium data sources and verification of reserves, essential for the growth of decentralized finance (DeFi) and tokenized real-world assets (RWA).
By leveraging Chainlink’s data technology, developers on the Hedera network can now enhance their DeFi and tokenized RWA projects with reliable and secure data feeds. This integration builds upon the recent partnership between the HBAR Foundation and Chainlink, with Chainlink joining the Chainlink Scale program to further support developers on the Hedera platform.
Chainlink’s reputation as a leader in on-chain finance and cross-chain interoperability is underscored by its role in securing over $17 trillion in value across blockchain transactions. The platform’s oracle network is trusted by a wide range of crypto and traditional finance companies, including major DeFi protocols like Aave, Lido, and GMX, as well as traditional financial institutions like Fidelity, Swift, UBS, and ANZ Bank.
“By making the Chainlink standard available to our developer ecosystem, we can enable increased access to high-quality, tamper-proof data backed by decentralized infrastructure, which is mission-critical for building secure DeFi applications and scalable tokenized assets.”
– Elaine Song, Vice President of Strategy at The HBAR Foundation
Chainlink’s data standards and proof-of-reserve technology are a key enabler for secure and scalable DeFi applications, providing developers with access to reliable data and decentralized infrastructure. This integration with Hedera Hashgraph marks a significant milestone in the evolution of DeFi and tokenized assets, opening up new possibilities for innovation and growth in the blockchain ecosystem.