The post Chainlink and Hedera Unite To Revolutionize DeFi and Real-World Asset Tokenization appeared on BitcoinEthereumNews.com.
Hedera network has announced its integration with Chainlink’s decentralized oracle solutions to transform decentralized finance (DeFi) and real-world asset (RWA) tokenization. This collaboration incorporates Chainlink’s Data Feeds and Proof of Reserve into the Hedera ecosystem, introducing a secure, transparent, and decentralized data infrastructure for developers. Hedera Integrates Chainlink Data Feeds According to a recent announcement, Hedera has adopted Chainlink Data Feeds to enhance the security and transparency of its DeFi applications and tokenized real-world asset platforms. The integration ensures that developers on the Hedera network gain access to accurate, tamper-proof market data critical for building decentralized financial products. By using Chainlink’s decentralized oracle networks, Hedera developers can fetch reliable off-chain data for various applications. These include automated market makers (AMMs), lending protocols, and decentralized exchanges (DEXs). This infrastructure eliminates risks of data manipulation, improves risk management, and promotes liquidity in DeFi markets. The integration also strengthens Hedera’s ability to attract institutional users who require data verification systems for financial operations. This collaboration addresses long-standing challenges of trust and scalability in top DeFi protocols. Proof of Reserve Enhances Transparency for Tokenized Assets Chainlink’s Proof of Reserve (PoR) functionality has been integrated into the Hedera network to support the collateralization of tokenized assets. The tool provides real-time, on-chain verification of reserves. This ensures that tokenized RWAs are fully backed by their corresponding underlying assets. The PoR feature fetches reserve data from custodians and publishes it on-chain, allowing developers and users to access information instantly. This automated verification reduces risks associated with undercollateralized assets and enhances trust in tokenized financial products. Additionally, the decentralized nature of PoR eliminates single points of failure, ensuring transparency and security. More so, this integration, makes the tokenization process accessible for businesses seeking to leverage blockchain technology for asset management. Chainlink SCALE Program Supports Hedera Developers To encourage…