- Aave’s Horizon platform now supports Securitize and VanEck’s tokenized treasury fund, VBILL, using Chainlink’s NAVLink.
- Oracle risk remains a concern, even with NAVLink enhancing pricing reliability; oracles continue to be potential points of faulty data or manipulation.
Securitize, a tokenization platform that has issued more than $4 billion in on-chain tokenized securities, has integrated Chainlink’s NAVLink data standard and its aggregator of net asset value (NAV) oracles into the Aave Horizon market.
According to the official press release, the integration enables Securitize-issued tokenized funds to connect to the Aave Protocol v3.3-based Aave Horizon platform. Through this integration, institutions can now borrow stablecoins by posting tokenized securities as collateral.
Chainlink’s NAVLink oracle feed provides verified, risk-adjusted NAV data to ensure accurate pricing and transparency. A prime example of this in action is the tokenized U.S. Treasury fund VBILL, issued by VanEck and Securitize, which has become one of the first assets to qualify as collateral on Aave Horizon.
Carlos Domingo, Co-Founder and CEO of Securitize, explained:
Horizon enables overcollateralized lending against RWAs within an institutional-grade compliance framework. Integrating VanEck’s VBILL with Aave and Chainlink expands access to one of the most trusted forms of onchain collateral and demonstrates how regulated assets can now move fluidly through DeFi,
What’s special about Chainlink NAVLink
For context, NAVLink is the oracle standard from Chainlink, crafted to deliver Verified, risk-adjusted NAV data for funds and tokenized assets.
This is considered important because accurate, reliable pricing is a challenge for bringing traditional assets on-chain. The Aave Horizon architecture uses this feed as part of its collateral pricing and risk management scheme.
The permissioned collateral model enables tokenized securities to be integrated into DeFi and maintain institutional-grade compliance. Borrowers undergo KYC/AML verification and other regulatory checks to ensure adherence to traditional finance standards, while stablecoin suppliers can remain permissionless, preserving DeFi’s open-access nature.
This model effectively marries TradFi rigor with DeFi composability, which allows institutions to unlock liquidity against their tokenized assets without fully exiting positions or redeeming funds. For instance, a fund holding tokenized treasuries can borrow stablecoins and continue earning yield on the underlying assets, combining capital efficiency with ongoing exposure.
Stablecoin suppliers gain access to new collateral types backed by tokenized real-world assets, potentially diversifying risk and opening new yield streams.
In other developments, S&P Dow Jones Indices and Dinari selected Chainlink as their oracle provider to deliver real-time pricing data for the S&P Digital Markets 50 Index on Avalanche. As we explained, this is the first benchmark to combine both U.S. equities tied to blockchain development and a selection of digital assets.
The index includes 35 U.S.-listed companies and 15 digital assets, with Chainlink providing reliable Price Feeds and SmartData products such as Proof of Reserve, NAVLink, and SmartAUM to ensure transparency and accuracy.
There’s more. WisdomTree, a $130 billion asset manager, has also adopted Chainlink’s oracle technology to bring institutional-grade Net Asset Value data on-chain. Its Private Credit and Alternative Income Digital Fund (CRDT), which offers exposure to a diversified portfolio of liquid private credit, is now live on Ethereum via Chainlink.
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