Hedera taps into Chainlink’s data standard to boost DeFi and RWA adoption

Hedera has adopted Chainlink’s suite of smart data products to accelerate the growth of decentralized finance and tokenized real-world assets.

The Hedera (HBAR) team announced on Dec. 16 that Chainlink (LINK)’s Data Feeds and Chainlink Proof of Reserve were now live on the Hedera mainnet.

The integration aims to bolster developers on the Hedera network by enabling access to high-quality data and proof-of-reserve verification. According to a blog post by the platform, Hedera developers can now utilize this data technology for DeFi and tokenized RWA projects.

The Hedera and Chainlink integration follows the recent key partnership between HBAR Foundation and Chainlink, with the latter joining the Chainlink Scale program.

Developers will benefit from Chainlink’s high-quality data aggregation, secure node operations, and decentralized infrastructure. Additionally, users will gain 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

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.

Beyond Hedera, 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.