Today, Chainlink became the first oracle platform to achieve ISO 27001 certification and SOC 2 Type 1 attestation. The examinations, performed in accordance with standards established by the American Institute of Certified Public Accountants by an independent accounting firm, cover Chainlink Data Feeds, including Price Feeds, Proof of Reserve, and Net Asset Value (NAV), as well as Cross-Chain Interoperability Protocol (CCIP).
As the most widely used data oracle standard, Chainlink powers the vast majority of DeFi. Currently, more than 2,000 Chainlink Price Feeds hold over 67% of the total oracle market, while Chainlink’s Total Value Secured (TVS) exceeds $95 billion across more than 450 protocols. By allowing smart contracts to securely access offchain data and interoperability across 50+ networks, Chainlink has enabled over $25 trillion in transaction value.
The Chainlink interoperability standard, powered by CCIP, is also being adopted by a growing number of leading financial institutions and market infrastructure providers such as Swift, UBS, ANZ Bank, and SBI Digital Markets to support a spectrum of stablecoins and tokenized real-world assets throughout the onchain economy.
Chainlink’s data and interoperability standards are just two facets of its comprehensive web3 infrastructure which can be leveraged to satisfy all of the data, interoperability, compliance, privacy, compute, and legacy system integration requirements of advanced onchain applications through the Chainlink Runtime Environment (CRE). A new Chainlink blog post, The Chainlink Endgame: Integrating the World Into the Tokenized Asset Economy, captures the full scope and utility of its oracle platform.
The ISO 27001 certification and SOC 2 Type 1 attestation are two major security milestones that will further accelerate Chainlink’s adoption across DeFi and traditional finance. Defining secure standards for verifiable onchain data and cross-chain interoperability is a vital step toward establishing a global onchain financial system in which tokenized real-world assets deliver numerous benefits to everyday consumers.
Today, Chainlink also announced it added 41,105.84 LINK to its strategic reserve, which now holds a total of 150,770.02 LINK. The Chainlink Reserve, established earlier this month, operates as an extension of Payment Abstraction, which converts onchain and offchain revenue into an onchain supply of LINK that supports the Chainlink Network’s expansion according to key sustainability goals outlined in Chainlink Economics.