In light of all the LayerZero hack news this probably got slept on, but is a big announcement.
The development company behind Tether's own tokenization platform, Hadron, just announced they're using Chainlink.
"OpenAssets, a leading digital asset infrastructure provider, has chosen Chainlink as its partner oracle platform to unlock the issuance and distribution of institutional tokenized assets across onchain finance.
OpenAssets' network includes the world's largest exchange, ICE, the world's largest stablecoin issuer, Tether, the world's largest digital sports platform, Fanatics, as well as Mysten Labs, KraneShares, and many other leading institutions.
This strategic partnership enables financial institutions to leverage OpenAssets' full-stack tokenization and stablecoin infrastructure as well as Chainlink's industry-standard oracle platform in an easy to use format."
As 68 trillion in assets is expected to move onchain in the next few years, institutional tokenization requires a broad set of tools across the entire asset lifecycle. Secure data oracles, cross-chain coordination, and integration with existing systems are an important part of it," said Gabor Gurbacs, CEO of OpenAssets.
"This partnership with Chainlink helps us deliver the complete infrastructure stack financial institutions need to build in-production tokenization platforms and stablecoin engines."
Digital asset infra provider
@OpenAssetsInc enters a strategic partnership with Chainlink to power the issuance & distribution of institutional tokenized assets.
This enables institutions to launch advanced onchain solutions, unlocking a trillion-dollar wave of tokenization.