Robinhood Chain, online brokerage major Robinhood’s Ethereum-based layer 2 blockchain, has officially adopted Chainlink as its official data and cross-chain oracle infrastructure powering Robinhood Chain and all Robinhood-issued assets, including stock tokens like Nvidia (NVDA), Google (GOOG), and Apple (AAPL).
As part of the strategic integration, Chainlink’s Cross-Chain Interoperability Protocol (CCIP), “Data Streams,” and “Data Feeds” have now been made live on the Robinhood Chain mainnet, delivering verifiable data for tokenized RWAs (Real-World Assets), apart from unlocking secure interoperability across the multi-chain ecosystem.
“Via Chainlink, millions of users now have unlocked access to onchain products within the Robinhood Chain ecosystem,” Robinhood Chain stated further.
“As one of the world’s largest financial apps going all-in on blockchain infrastructure, this marks a major milestone for the mainstream consumer adoption of onchain finance. Through Chainlink, Robinhood Chain is now natively connected across chains and able to offer its users highly secure real-world assets at scale—all powered by market-leading infrastructure that secures over 70% of DeFi and has enabled more than USD 31 trillion in transaction value,” it added further.
Without institutional-grade oracle infrastructure, tokenized assets cannot scale or maintain the security required by regulated market participants. Operating as an Ethereum layer-2 network built on Arbitrum’s Orbit technology, Robinhood Chain addresses these inefficiencies with Chainlink by establishing an environment built specifically to unlock advanced onchain finance use cases for everyday Robinhood users.
“We’re excited to see Robinhood Chain adopt Chainlink as the official data and cross-chain oracle infrastructure powering Robinhood Chain and unlocking access to the on-chain economy for millions of users. This is how the world’s largest financial services apps accelerate the transition to an onchain financial system powered by Chainlink,” said Thodoris Karakostas, Director of Global Partnerships, Chainlink Labs.
“Robinhood Crypto is building the foundation for the future of investing by delivering secure access to all of our financial products directly on-chain, through Robinhood Chain. We chose Chainlink as the oracle provider for Robinhood Chain because its institutional-grade security and reliability are already trusted by the world’s largest financial institutions to scale on-chain ecosystems,” remarked Gaetan Thabot, director of product, Robinhood Crypto.
Chainlink has emerged as the industry-standard oracle platform, bringing the capital markets on-chain and, as the market leader, powering the majority of DeFi (Decentralised Finance).
“The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi,” Chainlink Labs said.
“Many of the world’s largest financial services institutions have also adopted Chainlink’s standards and infrastructure, including SWIFT, Euroclear, Mastercard, Fidelity International, UBS, S&P Dow Jones Indices, FTSE Russell, WisdomTree, ANZ, and top protocols such as Aave, Polymarket, Lido, Lighter, and many others.” Chainlink leverages a novel fee model where off-chain and on-chain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve,” it concluded.