- Aave’s Horizon platform now powers Securitize and VanEck’s tokenized treasury fund, VBILL, using Chainlink’s NAVLink.
- Oracle risk remains a concern even as NAVLink improves price reliability; oracles remain potential points of data error 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 intrinsic value (NAV) oracles into the Aave Horizon market.
According to the official press release, the integration allows tokenized funds issued by Securitize to connect to the Aave Protocol v3.3-based Aave Horizon platform. Through this integration, institutions can now borrow stablecoins by posting tokenized security as collateral.
Chainlink’s NAVLink oracle feed provides verified, risk-adjusted NAV data to ensure accurate pricing and transparency. A good example of this in action is the tokenized US Treasury fund VBILL, issued by VanEck and Securitize, which has become one of the first assets eligible as collateral on Aave Horizon.
Carlos Domingo, co-founder and CEO of Securitize, explained:
Horizon enables overcollateralized lending against risk-weighted assets within an institutional-level compliance framework. The integration of 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 Chainlink’s oracle standard, created to provide verified risk-adjusted NAV data for funds and tokenized assets.
This is considered important because accurate, reliable pricing is a challenge when bringing traditional assets into the chain. The Aave Horizon architecture uses this feed as part of the collateral pricing and risk management scheme.
The permissioned collateral model makes it possible to integrate tokenized securities into DeFi and maintain compliance at the institutional level. Borrowers undergo KYC/AML verification and other regulatory checks to ensure compliance with traditional financial standards, while stablecoin providers can continue to grant permissions, preserving the open-access nature of DeFi.
This model essentially combines the rigor of TradFi with the ability to compound DeFi, allowing institutions to unlock liquidity against their tokenized assets without completely exiting their positions or redeeming funds. For example, a fund holding tokenized treasuries can borrow stablecoins and continue to earn returns on the underlying assets, combining capital efficiency with ongoing exposure.
Stablecoin suppliers gain access to new types of collateral, backed by tokenized real-world assets, potentially diversifying risk and opening new revenue streams.
In other developments, S&P Dow Jones Indices and Dinari have selected Chainlink as their oracle provider to provide real-time price data for the S&P Digital Markets 50 Index on Avalanche. As we explained, this is the first benchmark that combines both US stocks linked to blockchain development and a selection of digital assets.
The index includes 35 US 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 quality intrinsic value data to the chain. The Private Credit and Alternative Income Digital Fund (CRDT), which provides exposure to a diversified portfolio of liquid private credit, is now live on Ethereum via Chainlink.