- Aave’s Horizon platform now supports Securitize and VanEck’s tokenized treasury fund VBILL using Chainlink’s NAVLink.
- Even if NAVLink improves pricing reliability, Oracle risk remains a concern. Oracles continue to be a potential point of flawed data and manipulation.
Securitize, a tokenization platform that has issued over $4 billion of on-chain tokenized securities, has integrated Chainlink’s NAVLink data standard and its net asset value (NAV) oracle aggregator into the Aave Horizon marketplace.
According to the official press release, this integration will allow tokenized funds issued by Securitize to connect to the Aave Horizon platform based on Aave Protocol v3.3. This integration allows institutions to borrow stablecoins by posting tokenized securities as collateral.
Chainlink’s NAVLink oracle feed provides verified, risk-adjusted NAV data, ensuring accurate pricing and transparency. A prime example of this in action is VBILL, a tokenized US Treasury fund issued by VanEck and Securitize. This is one of the first assets to qualify as collateral at Aave Horizon.
Carlos Domingo, co-founder and CEO of Securitize, explained:
Horizon enables overcollateral lending to RWAs within an institutional-level compliance framework. VanEck’s VBILL integration with Aave and Chainlink expands access to one of the most trusted forms of on-chain collateral and demonstrates how regulated assets can be fluidly moved through DeFi.
What’s special about Chainlink NAVLink
For context, NAVLink is Chainlink’s oracle standard, created to provide verified, risk-adjusted NAV data for funds and tokenized assets.
This is considered important as accurate and reliable pricing is a challenge when bringing traditional assets on-chain. Aave Horizon architecture uses this feed as part of its collateral pricing and risk management scheme.
A permissioned collateral model allows you to integrate tokenized securities into DeFi and maintain institutional-level compliance. Borrowers undergo KYC/AML verification and other regulatory checks to ensure compliance with traditional financial standards, while stablecoin suppliers can remain permissionless, maintaining the open-access nature of DeFi.
This model effectively blends the rigor of TradFi with the composability of DeFi, allowing institutions to release liquidity against tokenized assets without having to fully unwind positions or redeem funds. For example, a fund that holds tokenized government bonds can borrow stablecoins and continue to earn yield from the underlying assets, combining capital efficiency with ongoing exposure.
Stablecoin suppliers will now have access to new types of collateral backed by tokenized real-world assets, potentially diversifying risk and opening up new revenue streams.
In other developments, S&P Dow Jones Indices and Dinari have selected Chainlink as the oracle provider for real-time price data for Avalanche’s S&P Digital Market 50 Index. As explained, this is the first benchmark to combine both US stocks and selected digital assets related to blockchain developments.
The index includes 35 US-listed companies and 15 digital assets, and Chainlink provides reliable price feeds and SmartData products such as Proof of Reserve, NAVLink, and SmartAUM to ensure transparency and accuracy.
There are others. WisdomTree, a $130 billion asset management company, also employs Chainlink’s oracle technology to provide institutional-level net asset value data on-chain. Its Private Credit and Alternative Income Digital Fund (CRDT), which provides exposure to a diversified portfolio of liquid private credit, is currently live on Ethereum via Chainlink.
