Hedera Teams Up with Chainlink to Advance DeFi and Tokenized Real-World Assets

• Hedera’s integration with Chainlink boosts DeFi infrastructure and tokenized real-world assets through tools like Proof of Reserve and Chainlink Data Feeds.
• The HBAR Foundation’s participation in Chainlink’s SCALE program lowers developer costs, driving innovation in cost-efficient DeFi and tokenized solutions.

To integrate decentralized oracle solutions, Hedera has partnered with Chainlink, aiming to enhance DeFi applications and real-world asset (RWA) tokenization. This collaboration will bring Chainlink’s Data Feeds and Proof of Reserve (PoR) into the Hedera ecosystem, allowing developers to access accurate and tamper-proof market data.

As CNF previously reported, the HBAR Foundation has joined Chainlink SCALE under the Chainlink Economics 2.0 program. The current collaboration was shared in a recent tweet by the official Hedera Developers X account.

@chainlink Data Feeds & Proof of Reserve are now live on #Hedera mainnet! Start building secure #DeFi & tokenized #RWA dApps with tamper-proof data.

Learn how to use Chainlink Data Feeds: https://t.co/RKAYQLT0bz pic.twitter.com/FgDVTY6Ziw

— Hedera for Developers (@hedera_devs) December 16, 2024

These tools strengthen DeFi infrastructure by ensuring transparency, improving risk management, and promoting liquidity.

Proof of Reserve for Tokenized Assets

Unlike the recent price corrections for Chainlink (LINK) and Hedera (HBAR) amid profit-taking, CNF highlights that this new development integrates Chainlink’s PoR feature to support the collateralization of tokenized RWAs. PoR offers real-time on-chain verification of reserves by publishing custodian reserve data directly to the blockchain.

This reduces risks associated with undercollateralized assets and builds trust in tokenized financial products. The decentralized design eliminates single points of failure, enhancing security for institutional users and developers.

Driving Innovation with the SCALE Program

To foster a developer-friendly environment, the HBAR Foundation joined Chainlink’s SCALE program, subsidizing oracle service costs for developers on Hedera. This initiative lowers entry barriers for building cost-efficient DeFi and tokenized asset solutions.

The announcement has spurred market activity for both LINK and HBAR tokens, with LINK showing stronger potential for a price rally due to previous integrations and investments. As of now, according to CoinMarketCap, Hedera (HBAR) is trading at $0.2776, reflecting a 3.21% decrease in the past day and a 4.51% decline over the past week.