Chainlink launches 24/7 RWA pricing with Aave adoption
Chainlink has launched Chainlink 24/7 for continuous pricing of tokenized real-world assets, naming Aave as an adopter, as it brings equities and commodities data through weekends and market holidays.
- Chainlink 24/7 covers equities, commodities and other real-world assets across trading sessions, weekends and holidays.
- Aave is adopting the service for institutional lending backed by tokenized real-world assets.
- Prediction markets, perpetual futures and collateral management are among the applications named in the announcement.
- The CFTC has scheduled a Dec. 15 roundtable examining continuous trading across derivatives markets.
Chainlink announced the service at Link:NYC on Oct. 29, saying it delivers market data across trading sessions and periods when traditional exchanges are closed. In its announcement, the oracle provider identified institutional lending, prediction markets and perpetual futures as uses for the new pricing service.
Aave is adopting the product to bring always-on pricing to institutional lending backed by real-world assets, according to the announcement. Chainlink did not name a specific Aave market, list the assets covered by that integration, or provide a deployment schedule in the post.
Chainlink 24/7 adds weekend and holiday coverage
In describing its trading applications, Chainlink said the service supports prediction markets and perpetual futures with continuous trading and settlement. The company presented collateral management as another application, saying lending protocols can use the data while traditional markets are closed.
“Global markets. No closing bell,” Chainlink wrote in the announcement.
The launch follows the company’s January introduction of 24/5 U.S. Equities Streams. Its Jan. 20 announcement described a product covering regular trading, premarket, postmarket, and overnight sessions, with availability across more than 40 blockchains.
For that earlier product, Chainlink listed information beyond a single reference price, including bid and ask prices, trading volumes, the last traded price, market-status flags and a staleness indicator. The company said developers could use those fields for execution logic and risk controls.
In January, the company identified synthetic equities, structured products and vaults as further applications for its U.S. equities streams, alongside lending and derivatives.
Named users of the January offering included Lighter, BitMEX, ApeX and Orderly Network. Chainlink’s announcement tied their adoption to equity derivatives and other onchain markets operating beyond standard U.S. stock-market hours.
Chainlink documentation identifies risks outside regular sessions
Chainlink’s existing tokenized-equity documentation describes its 24/5 feeds as calculated primary-market valuations that can incorporate issuer-specific adjustments, including dividends and corporate actions. The documentation distinguishes the tokenized instrument from the underlying share or exchange-traded fund.
Its technical guidance says extended-hours and overnight trading can involve fewer data providers and thinner liquidity. Chainlink identifies wider bid-ask spreads, less frequent price updates, and larger moves on individual trades as characteristics of those sessions.
During overnight sessions, the documented 24/5 methodology uses an exponential moving average to smooth prices. Chainlink says smoothing can filter temporary price disturbances, while warning that the reported value can lag during rapid market moves.
The documentation says regular trading hours provide the deepest liquidity and the main venue for price discovery. Chainlink describes overnight trading as a thinner market with fewer contributing venues, and recommends testing session-specific controls before deployment.
For developers using those feeds, the guidance recommends checks for stale data, bounds on acceptable values, and defined fallback behavior. It advises protocols to assess whether a particular feed’s behavior suits the borrowing, trading, or liquidation functions they intend to support.
Aave and stock-token lenders already use RWA collateral
Aave outlined another institutional lending initiative on Sep. 16, announcing an Avalanche RWA hub where eligible institutions would borrow USA₮ against tokenized financial assets. The planned market would use Aave V4 and set collateral rules for individual assets.
At the time of that announcement, Aave had not disclosed the initial collateral list or a launch date. Its proposed asset categories included tokenized government debt, money market funds and private credit, subject to governance and risk reviews.
Chainlink’s stock-token work predates the latest launch. As crypto.news previously reported, its Aug. 26 introduction of feeds for Coinbase tokenized stocks covered Nvidia, Meta, Apple and Alphabet tokens on Base.
The feeds supported valuations for NVDAc, METAc, AAPLc and GOOGLc, including calculations that accounted for changes in the amount of underlying equity represented by a token. Coinbase’s offering terms restricted those products to eligible non-U.S. investors.
On Oct. 22, Robinhood confirmed that eligible Stock Token holders could borrow stablecoins through Morpho using their tokens as collateral. Robinhood’s published documentation described Chainlink stock-price feeds that update 24/5, even though onchain token trading can continue outside tokenization hours.
Robinhood’s product restrictions excluded U.S. persons from Stock Tokens. Its documentation described separate schedules for pricing, token trading and tokenization, with the underlying shares remaining subject to traditional market sessions.
CFTC schedules December discussion on 24/7 derivatives
In the United States, the Commodity Futures Trading Commission announced on Oct. 28 that it will hold a Dec. 15 industry roundtable on the viability of continuous derivatives trading. The agency said the discussion would build on its earlier request for public comment.
The CFTC listed overnight trading, tokenization, staffing, infrastructure and operational readiness among the subjects for discussion. Its announcement described an industry consultation covering different asset classes, with market integrity and resilience among the stated considerations.
Chairman Mike Selig said the agency would not take “a one-size-fits-all approach to 24/7 trading,” according to the release.
The roundtable will take place at CFTC headquarters in Washington and will be open to the public and livestreamed. The agency said the agenda, speakers, and registration details would be published later, with in-person attendance potentially limited.
