Leading digital asset infrastructure OpenAssets has announced a strategic partnership with industry-standard oracle platform Chainlink to unlock the issuance and distribution of tens of trillions of dollars in institutional tokenized real-world assets across onchain finance.
Financial institutions will be able to leverage OpenAssets’ infrastructure toolkit alongside Chainlink’s essential oracle services, which have enabled over $29 trillion in transaction value, to launch in-production tokenization solutions and bring trillions in capital markets value onchain.
OpenAssets works with institutions, governments, and technology companies including ICE, the world’s largest exchange; Tether, the world’s largest stablecoin issuer; and Fanatics, the world’s largest digital sports platform, to build shared standards for real-world asset tokenization.
As the standard of onchain finance, Chainlink has been adopted by Swift, Euroclear, Mastercard, and more. The Chainlink Runtime Environment (CRE), Cross-Chain Interoperability Protocol (CCIP), Digital Transfer Agent (DTA) technical standard, NAVLink, and Price Feeds provide the secure data, interoperability, and orchestration institutions require to securely and reliably tokenize trillions of dollars in assets onchain.
“As 68 trillion in assets is expected to move onchain in the next few years, institutional tokenization requires a broad set of tools across the entire asset lifecycle,” said OpenAssets CEO Gabor Gurbacs in an official announcement.
“This partnership with Chainlink helps us deliver the complete infrastructure stack financial institutions need to build in-production tokenization platforms and stablecoin engines.”
“The next generation of digital asset infrastructure requires secure data, cross-chain interoperability, built-in compliance and privacy, and seamless integration with existing financial systems, added Johann Eid, Chief Business Officer at Chainlink Labs.
“Through our strategic partnership with OpenAssets, institutions can access a complete technology stack for building production-grade tokenization and stablecoin solutions.”