As the standard for onchain finance, Chainlink’s comprehensive web3 services support a growing spectrum of tokenized real-world asset (RWA) and stablecoin issuers, including leading DeFi protocols such as Paxos and StablR, as well as some of the world’s largest financial institutions such as ANZ and Fidelity International.
Recently, tokenized RWA platform OpenEden integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Proof of Reserve on the Ethereum and Base mainnets to enhance the transparency and cross-chain utility of USDO – the first regulated, yield-bearing stablecoin fully backed by tokenized U.S. Treasuries. OpenEden also announced plans to integrate Chainlink Price Feeds for access to high-quality, tamper-proof price data.
Leveraging Chainlink’s battle-tested decentralized oracle network, which has enabled over $19 trillion in transaction value across 20+ blockchains, CCIP achieves the highest level of cross-chain security and features a separate Risk Management Network that independently monitors for suspicious activity.
OpenEden will utilize CCIP’s Programmable Token Transfers and Cross-Chain Token (CCT) standard to enable zero-slippage transfers of USDO, as well as configurable rate limits and Smart Execution for reliable transactions, even during network congestion.
PoR recruits Chainlink’s battle-tested oracles to publicly verify in real time that onchain assets are fully collateralized. This is especially crucial for stablecoins that need to maintain a 1:1 peg to the underlying asset. PoR will fortify OpenEden’s existing real-time proof of reserves with an independent verification layer that boosts user confidence in USDO’s stability and security.
In an official announcement, OpenEden Group CEO Jeremy Ng highlighted how Chainlink facilitates USDO’s full composability within DeFi protocols, including lending, borrowing, and trading applications.
“By integrating Chainlink’s CCIP and Proof of Reserve, USDO gains added security, transparency, and cross-chain interoperability,” he said.
“Chainlink’s proven infrastructure also provides us with the reliability and trust needed for USDO to thrive in decentralized finance.”
To learn more about OpenEden, visit their website, X, and Telegram.