Gigachad (giga) 
Hedera Partners with Chainlink to Bolster Decentralized Finance and Tokenized Real-World Assets
Hedera has partnered with Chainlink to accelerate the growth of decentralized finance (DeFi) and tokenized real-world assets (RWAs) on its network. This integration brings Chainlink’s suite of smart data products, including Data Feeds and Proof of Reserve, to the Hedera mainnet.
This collaboration aims to empower developers on the Hedera network by providing access to high-quality data and proof-of-reserve verification. According to the platform, Hedera developers can now utilize this data technology for DeFi and tokenized RWA projects.
Benefits of the Integration
The Hedera and Chainlink integration offers several benefits to developers and users. These include:
- High-quality data aggregation
- Secure node operations
- Decentralized infrastructure
- Programmatic utility with on-chain reserve data
“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, emphasizes the importance of high-quality data in building secure DeFi applications and scalable tokenized assets.
Chainlink’s Growing Role in On-Chain Finance
Chainlink’s growing role as a leader in on-chain finance and cross-chain interoperability has led to partnerships with numerous crypto and traditional finance companies. Its oracle network has secured over $17 trillion in value across blockchain transactions.
Chainlink’s data standards and proof-of-reserve technology power other major DeFi protocols such as Aave, Lido, and GMX. Traditional financial institutions, including Fidelity, Swift, UBS, and ANZ Bank, also leverage Chainlink’s technology.
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