JUST IN: @Coinbase selects Chainlink as the official oracle infra powering its new Tokenized Stocks on @base.
Chainlink is now enabling millions of Base users to lend, borrow, and trade the largest publicly traded U.S. stocks onchain.
Excited to join this great group of leaders from our industry on the CFTC Innovation Advisory Committee. I am looking forward to doing everything I can to help provide feedback on the key role of oracles as critical infrastructure for the reliable operation of markets, as well provide whatever insight I can on how the Cryptocurrency, DeFi and RWA industry can evolve successfully in the US as its primary global hub.
@ChairmanSelig it has always been a pleasure speaking with you during your time at the SEC, I was thrilled to hear of your appointment to this new role and I am very excited about how you and this committee can work together to the benefit of both our industry and the US economy. Thank you again for forming this committee.
Cycles are a normal part of the crypto industry, what is important is what those cycles reveal about how far the industry has progressed and what next stage/trends of adoption/value creation will go on to define the industry.
So far this cycle reveals two key things for me:
Firstly, there have been no large risk management failures leading to large institutional failures or widespread systemic risks. In the previous cycle you had FTX and multiple lenders cleaned out through large price drops, this time around I am pleasantly surprised to see none of that or at least none of it at any system wide scale. If the crypto industry and its systems are able to successfully weather large drawdowns in price and liquidity issues then it is a more reliable place to put both retail/client capital and institutional capital. This time has been much better managed than last time.
Secondly, real world asset migration on-chain continues to accelerate regardless of Bitcoin/Cryptocurrency prices, signaling that having real world assets on-chain is not tightly coupled to crpytocurrency prices but provides its own unique value that can grow irrespective of market pricing of Bitcoin or other crypto assets. We have seen RWA issuance continue to grow and we've seen leading on-chain perp markets rival tradfi perp markets for very traditional commodities like silver, especially in periods when trading in permissioned traditional markets became harder or more risky vs trading in on-chain permissionless markets. As more and more RWA data goes on-chain to make perps work correctly for more asset types and as more on-chain value is generated as RWAs themselves, I expect these dynamics to only increase regardless of crypto prices.
These are both very positive signals for the assumptions I have been making about three key trends I am expecting to work together to reshape our industry in the next stage of its growth into mainstream adoption.
Firstly, on-chain perps about real world assets and tokenization of the assets on-chain has unique and durable long-term value which is growing regardless of any other dynamics. It is the value of 24/7/365 markets, on-chain collateral management and on-chain data.
Secondly, institutional adoption of our industry will be driven by the fundamental/technology value it provides, accelerated by access to permissionless/always on markets in DeFi, which will grow massively as a result.
Thirdly, the infrastructure that will make RWAs possible will be experiencing much more demand as more of the real world finds itself on-chain. As more RWAs have to go on-chain as perps via on-chan data or tokenization itself and as those RWAs are increasingly complex in how they need to work on-chain, more systems will need to interface with chains to enable those RWAs.
The first two trends are inevitable market forces that are now accelerating regardless of cryptocurrency prices, that is the real insight I see from this part of the cycle. The third trend is where Chainlink is providing the key global standards/protocols/infrastructure that is needed for providing the data, connectivity and orchestration that accelerates the first two trends.
Data is what allows most RWAs to exist on-chain at all. Market data for on-chain perps e.g. on-chain silver markets, Proof of Reserves for Stablecoins, NAV for Tokenized Funds to operate on-chain and many other examples touching every category of RWAs. Chainlink is the largest provider of data to the leading blockchains by far and is successfully servicing the vast majority of DeFi for all their data needs with 70%+ market share. Our new launches with leading institutional data providers like S&P, ICE and many others put Chainlink in a similar position in the growing institutional RWA world.
Connectivity to both other chains and existing backend/accounting/risk management systems is key for liquidity. The ability to connect to the other chains as a system of record/source of liquidity and to the existing centralized systems of record/sources of liquidity are key for scaling RWA adoption globally. Chainlink is the leading provider of these capabilities to institutions and has been chosen by the leading security teams in Web3 to be their official bridging provider due to a superior reliability/security track record. Chainlink is also the only system that successfully pulls TradFi payments into on-chain transactions across multiple chains, integrating existing sources of liquidity and new sources of liquidity into one interoperability layer.
Orchestration is the process of coordinating multiple systems into one workflow/transaction that defines the core value an application is providing to its users. Coordinating between multiple chains, multiple off-chain systems, multiple market data sources and now multiple AIs is a key function that some system needs to play for the more advanced RWAs to function properly. The Chainlink Runtime Environment seems to be the only environment in which you can currently run a workflow that can coordinate all of these key systems into a single application, already in use by enterprises and with advanced integrations into many key systems. Orchestration has an additional critical component of creating privacy, which there are now new and exciting solutions for being built on CRE. More to come on truly useful privacy as a key feature of CRE's orchestration.
If these trends continue I believe what I have been saying for years will happen; on-chain RWAs will surpass cryptocurrency in the total value in our industry and what our industry is about will fundamentally change. This shift will also lead to cryptocurrency's growth as an asset class that benefits from more capital on-chain, but RWAs is how all of this goes mainstream.
I have never been more excited about our industry's potential to become the way a better version of the global financial system works to benefit all of us.
.@OndoFinance has selected Chainlink as the official oracle infrastructure powering its regulated tokenized stocks platform, establishing CCIP as the preferred interoperability solution for financial institutions collaborating with Ondo.
https://t.co/xLqCMJov2H
In addition, Ondo has adopted the Chainlink data standard to ensure its tokenized stocks are priced with accurate, reliable market data and Chainlink has joined the Ondo Global Market Alliance, supporting the launch of regulated tokenized stocks onchain.
Powered by Chainlink’s institutional-grade oracle infrastructure, each Ondo Global Markets asset is priced with secure, real-time, and reliable data input, enabling composability across lending protocols, structured products, and collateralized DeFi vaults. Chainlink feeds capture all economic and corporate action events, enabling real-time, secure equity pricing onchain.
This is how we build the next generation of onchain capital markets:
• Real-time, onchain equity access
• Trusted data and interoperability for institutional DeFi
• TradFi liquidity and DeFi programmability
S&P Global Ratings by the numbers:
• 95% of the top 20 global institutional investors reference its ratings
• 1+ million credit ratings outstanding
• 1,500+ credit analysts worldwide
• 150+ countries with ratings coverage
• 4,600+ corporates rated globally
• ~1 million securities covered
Learn more about the partnership ↓
DataLink is now live across 40+ blockchains, giving over 2,400 protocols and institutions in the Chainlink ecosystem access to the high-quality market data that underpins traditional finance.
https://t.co/P3jZPr1nbU
With Deutsche Börse Market Data + Services as a launch partner, DataLink is bringing data onchain from one of the largest exchange groups in the world, which delivers over 4 billion data points daily and handled more than €1.3 trillion in securities trading last year.
By making this institutional data available across blockchains, DataLink unlocks the next wave of financial products and services in the onchain economy.
Chainlink just launched DataLink with Deutsche Börse (DB) as their launch partner. DB is the operator of the Frankfurt Stock Exchange (FWB). The FWB handles 90% of Germany's stock turnover, featuring over 1.6 million securities with a $2.37 trillion market cap.
Now, their 4B+ daily real-time data points are coming onchain via Chainlink's DataLink. This enables data providers to easily publish high-value data onchain, accelerating institutional adoption of digital assets.
This years SIBOS is the biggest one yet for Chainlink. Moving our work forward with Swift on interoperability, as well as announcing our work with the DTCC, Euroclear, UBS, DBS, BNP and many others on solving key problems like corporate actions for successful institutional tokenization by the TradFi industry.
Digital Transfer Agency launching with UBS and DataLink launching with Deutsche Borse are also very big because Chainlink clearly solves two of institutional tokenization's largest challenges; on-chain transfer agency and institutional grade data for digital assets.
At this SIBOS I think it has become clear to everyone in the TradFi and DeFi community that the Chainlink Stack is the only system where you can get all of your digital asset challenges solved using a single standard.
It is important to remember that solving just one of these problems is not enough to make institutional transactions happen on-chain at scale. Institutional tokenization and institutional capital flows in the trillions require multiple conditions to be met; on-chain data, cross-chain connectivity, on-chain compliance, on-chain asset servicing e.g. corporate actions, legally binding transfers e.g. transfer agency and many others depending on the use case. If we want institutional tokenization to happen at scale and for that scale to turn into trillions of dollars in capital flowing on-chain, there needs to be a single global standard that solves these problems on-chain, in a way that works for both the institution and the regulators they are overseen by.
More to come and very excited about the Chainlink Stacks ability to solve these problems in one standard.
As a landmark moment for the global financial system and blockchain industry alike, Swift announced at Sibos 2025 it is launching a new blockchain-based ledger: https://t.co/uQPWW7uZE4
We congratulate our partner Swift and the broader Swift community on adopting blockchains and oracle networks as a key next step, validating the clear value that blockchain technology and oracle networks bring to modernizing the financial system.
As noted by Swift, the ledger is a natural extension of Swift’s progressive ecosystem innovation and live digital asset trials over the past two years: https://t.co/zDkde7MWWQ
Over more than seven years, Chainlink and Swift have collaborated across numerous initiatives, all with a common theme of enabling financial institutions to connect to blockchain networks using their existing infrastructure and messaging standards.
Here’s a brief history of some of the crucial work that has taken place between Swift and Chainlink over the years 🧵👇
https://t.co/M5xAfTu8an
We are excited to announce a major industry milestone in a global corporate actions initiative led by Chainlink in collaboration with 24 of the world’s largest financial organizations, including Swift (@swiftcommunity), DTCC (@The_DTCC), and Euroclear (@EuroclearGroup).
https://t.co/77PiHx6Eyl
Corporate actions are a critical building block for public equity to operate successfully onchain. Building on the foundation established in the first phase of our industry initiative, we now have successfully demonstrated how the Chainlink platform, blockchains, and AI help solve one of finance’s most complex data challenges in a production-grade solution with unparalleled data accuracy, ISO 20022 messaging functionality via Swift, connectivity across DTCC AppChain as well as additional public and private blockchains, and much more.
🧵⬇️
The great work done by the SEC’s Project Crypto has helped define how tokenized infrastructure can align with existing U.S. regulatory frameworks, an area long overdue for clarity.
That groundwork is now advancing into joint roundtable discussions between the SEC and CFTC around regulatory harmonization, an increasingly strong signal that the United States is positioning itself to lead in the next phase of global finance, underpinned by decentralized infrastructure.
I’m also excited to see @michaelselig being considered for the CFTC Chair. His experience as Chief Counsel of the SEC’s Crypto Task Force and as Senior Advisor to the Chairman gives him a rare combination of legal and technical expertise to navigate the U.S. through this turning point in financial innovation.
The great work done by the SEC’s Project Crypto has helped define how tokenized infrastructure can align with existing U.S. regulatory frameworks, an area long overdue for clarity.
That groundwork is now advancing into joint roundtable discussions between the SEC and CFTC around regulatory harmonization, an increasingly strong signal that the United States is positioning itself to lead in the next phase of global finance, underpinned by decentralized infrastructure.
I’m also excited to see @michaelselig being considered for the CFTC Chair. His experience as Chief Counsel of the SEC’s Crypto Task Force and as Senior Advisor to the Chairman gives him a rare combination of legal and technical expertise to navigate the U.S. through this turning point in financial innovation.
🚨 NEW: Chainlink Labs General Counsel Ben Sherwin has been appointed to the @CFTC’s Digital Asset Markets Subcommittee
@Chainlink $LINK is directly shaping the future of crypto policy in the United States 🔥
RESERVE UPDATE
Today, the Chainlink Reserve has accumulated 43,067.70 LINK.
As of September 18th, the Chainlink Reserve holds a total of 323,116.40 LINK.
https://t.co/BJYimLa2Fv
The Chainlink Reserve is designed to support the long-term growth and sustainability of the Chainlink Network by accumulating LINK using offchain revenue from large enterprises adopting Chainlink and onchain revenue from service usage.
.@Polymarket, the leading onchain prediction markets platform, has officially partnered with Chainlink to launch new 15-minute markets featuring near-instant settlement and industry-leading security.
https://t.co/RbMWDgldJw
Starting with asset pricing, the integration combines Chainlink Data Streams and Automation to speed up market resolutions and provide robust defense-in-depth security.
The integration is live on @0xPolygon mainnet, enabling the creation of robust prediction markets around any of the hundreds of crypto trading pairs already supported by Data Streams.
This marks just the beginning of the collaboration between Polymarket and Chainlink.