Hedera Integrates Chainlink to Unlock Real-World Data and Cross-Chain Connectivity

• Hedera has integrated Chainlink to give its users secure access to cross-chain interoperability and real-world data.
• Chainlink’s on-chain reserve verification, data feeds and CCIP now power tokenized assets, DeFi and enterprise applications on Hedera.

Hedera has joined dozens of blockchain and traditional finance networks that rely on Chainlink as the bridge between on-chain and real-world data.

In its announcement, the network revealed that developers can now gain secure access to real-world data through Chainlink’s Data Feeds, access cross-chain interoperability through CCIP, and verify reserves on-chain and in real time through the Proof of Reserve.

Hedera published a case study on its website that examined how Chainlink can power high-quality data on its network. As it pointed out, providing multi-network liquidity and maintaining transparent asset backing has been a complex technical challenge for developers on its network.

Before integrating Chainlink, developers were unable to link their on-chain applications to off-chain data or data held on other blockchains such as Solana and Ethereum.

Chainlink solves this challenge. It enables Hedera-based applications to transfer data and tokens to and from over 60 other blockchains. Chainlink’s proven oracle infrastructure has combined with Hedera’s high-performance, low-cost DLT to offer secure, scalable and compliant onchain markets.

Hedera Bridges TradFi and DeFi

Commenting on the new integration, Chainlink Labs’ head of blockchain partnerships, Thodoris Karakostas, stated:

The goal is to bridge traditional and decentralized finance. TradFi has been warming up to digital assets, with Wall Street firms now among the biggest investors in most of the top cryptos. However, the sector has stayed off on-chain markets, choosing to develop their own private networks or rely on permissioned networks like Canton.

With Chainlink, Hedera developers no longer have to rely on fragmented solutions. They can now deploy applications that tap cross-chain liquidity from other networks, while integrating real-world pricing updates from TradFi assets and allow users to verify collateral in real time.

The network stated:

Hedera remains one of the leaders in tokenizing real-world assets. As CNF reported, it maintained its position at the top of Santiment’s rankings of the most active RWA networks a week ago, edging Chainlink, Avalanche and Stellar.

It also continues to attract some of the leading global firms to its governance council. The latest is logistics giant FedEx, which joined a month ago to advance global supply chains.