ChainLink is known for the blockchain interoperability. A lot of Ethereum layer 2 projects are partnered with the blockchain projects on the data feed and the cross chain assets and the digital assets value. 

Backed has a structured financial units and each of those units hold a collateralized value in the market. These tokens are ERC20 based and are sold as a security assets. Though not every country is going to accept those tokens as security assets but some are open to such digital assets.

Backed has now integrated with the Chainlink for the proof of reserve, CCIP and the data feed. Both Chainlink and the backed has posted about the integration in their tweet.

What is the benefit of the integration with the ChainLink?

Backed integrating with the chainLink would help with their time to market for any tokenized asset class. This would help out with variety of the commercial tokenization.

ChainLink ensures their onchain interoperability and also the connection towards the onchain and offchain assets to be transferable between the communities and chains.

In short this integration benefits both the ChainLink and the Backed Finance. Let’s the future of both of them in upcoming blockchain market.