Chainlink’s suite of smart data products integrated into the Hedera network is a major step to raise DeFi and tokenize real-world asset (RWA) adoption. Today, Chainlink announced this collaboration to bring Chainlink’s Data Feeds and Proof of Reserve to the Hedera mainnet.
With the integration, developers on the Hedera network get access to safe, reliable, high-quality data and secure proof of reserve verification, thus building more robust DeFi and tokenized asset projects. Hedera’s move will enable developers to integrate Chainlink’s decentralized infrastructure and high-end data aggregation to build innovative applications, according to a blog post from Hedera.
Hedera Partners with Chainlink for DeFi Innovation
The development is part of a broader partnership between the HBAR Foundation and Chainlink, where we brought Hedera into the Chainlink SCALE program just earlier this month. By becoming a SCALE member, Hedera intends to enable efficient and cost-effective development on the ecosystem.
“As a cornerstone for building trust in DeFi and RWAs, access to secure, decentralized data,” stated the Hedera team in their announcement. “This latest integration represents a major step in our mission to serve developers as well as broaden the utility of our network.”
“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 Oracle technology, ranging from on-chain finance to cross-chain interoperability, is the leader in technology. The network has secured over $17 trillion in blockchain transaction value, as used by the biggest DeFi protocols such as Aave, Lido, and GMX.
The integration is simply highlighting Chainlink’s growing influence in using decentralized finance as a bridge between traditional and decentralized finance. Chainlink’s blockchain partnerships are just one example of how its data standards and proof of reserve solutions have found another address in enterprises like Fidelity, Swift, UBS, and ANZ Bank.
The partnership is a strategic move by Hedera, as it aims to put himself at the top of the DeFi innovation. Hedera and Chainlink’s combined strengths are optimized to create new possibilities in the blockchain space as the need for transparent token-zed real-world assets increases.
This synergy promises greater programmatic utility, stronger security, and simpler interoperation throughout applications, with developers and users keen to take advantage of it.
