WisdomTree adopts Chainlink DataLink for tokenized fund pricing on Ethereum
WisdomTree has partnered with Chainlink to provide onchain Net Asset Value (NAV) data for its tokenized Private Credit and Alternative Income Digital Fund (CRDT). The integration utilizes Chainlink's technology to record verified NAV data on Ethereum, improving transparency and enabling smart contract functionality for DeFi and institutional platforms. This partnership reflects growing institutional adoption of blockchain for enhanced data accessibility and tokenized asset trading.
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Oracles
WisdomTree Integrates Chainlink for Enhanced Transparency
WisdomTree has integrated Chainlink, a blockchain oracle network, to provide onchain Net Asset Value (NAV) data for its Private Credit and Alternative Income Digital Fund (CRDT). The move aims to enhance transparency by recording verified NAV data directly on blockchain networks.
CRDT Fund and Blockchain Integration
The CRDT fund, a tokenized private credit and alternative income digital fund, will now benefit from verified NAV data being recorded directly on Ethereum blockchain. This integration enhances transparency and enables the use of smart contracts for both DeFi (Decentralized Finance) and institutional platforms.
Chainlink's Broader Role in Financial Data
Chainlink has collaborated with major index providers to bring benchmark index data directly onto blockchains for institutional use. Its DataLink platform enables the transfer of verified market data across multiple blockchains.
Chainlink Applications in Tokenized Assets
Financial institutions are increasingly leveraging Chainlink to connect trading platforms with onchain environments. This improves data accessibility for tokenized assets, fostering institutional adoption of blockchain technology.