Robinhood Chain selects Chainlink as the oracle platform

Odaily Planet Daily reports that today, Robinhood announced the launch of a public testnet and selected Chainlink as the oracle platform for Robinhood Chain. Robinhood Chain is a financial-grade Ethereum Layer 2 network built on Arbitrum, designed to support real-world assets. Developers can leverage Chainlink’s data, interoperability, and compliance standards to build advanced tokenization use cases on Robinhood Chain.

Nicola White, Vice President of Robinhood Crypto Institutions, stated at Hong Kong Consensus that institutions have undergone decades of exploration in processes and procedures. We are working to elevate them to the next level of technology and innovation. Therefore, Robinhood believes that infrastructure should be the starting point, aiming to enable institutions to achieve higher levels of technological innovation, build confidence in on-chain issuance, and become accustomed to processes like DvP and atomic settlement. The integration of DeFi with institutions will take a bit more time at the application layer. It is necessary to introduce some best practice tools into this field to eliminate certain fears about DeFi and truly understand the benefits and efficiencies of related products.