1. Launch of Chainlink Data Streams and VRF
2. Chainlink’s Role in Asset Management and Transparency
3. Chainlink Integrations with Financial Institutions

Chainlink officially launched two of its flagship products, Chainlink Data Streams and Chainlink VRF, on the Base blockchain, incubated by Coinbase and secured by Ethereum.

Launch of Chainlink Data Streams and VRF

Chainlink Data Streams offers an advanced data solution for the DeFi market by integrating low-latency market data with automated execution to create high-throughput and user-friendly products. Reports indicate that Data Streams provides a seamless user experience similar to centralized exchanges while ensuring top-notch security and execution speed. Chainlink VRF has processed over 21 million request transactions across various blockchains, and the latest VRF v2.5 upgrade introduces enhancements such as more efficient billing, improved gas consumption prediction, and an enhanced user experience. Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, noted that Base’s builder-friendly environment is a natural fit for Chainlink products, enabling developers to craft next-generation DeFi products and ensuring secure random number generation for smart contracts.

Chainlink’s Role in Asset Management and Transparency

Recently, several integrations have occurred with Chainlink. This week, Superstate, an asset management firm, integrated Chainlink’s infrastructure into its Superstate Short Duration US Government Securities Fund (USTB) to enhance transparency and utility by providing real-time net asset value (NAV) data through Chainlink’s decentralized oracle technology. Additionally, 21Shares US LLC integrated Chainlink’s Proof of Reserve on the Ethereum mainnet to improve transparency of its Core Ethereum ETF (CETH), offering clear visibility into the Ethereum reserves backing the ETF and boosting investor confidence.

Chainlink Integrations with Financial Institutions

Chainlink’s Proof of Reserve has been adopted by several major financial institutions, including Bancolombia Group’s Wenia and international banks like BNY Mellon and Citi. These integrations aim to enhance transparency and confidence in asset management by providing accurate real-time data on reserve assets.

The launch of these products underscores Chainlink’s commitment to enhancing decentralized finance applications and ensuring high levels of transparency and security in asset management.