Ozean, the real-world asset (RWA) blockchain by Clearpool, has partnered with ChainSight to enhance its oracle system. Ozean’s decentralized apps now benefit from secure, fast data from off-chain sources, enabling new options for pricing and handling tokens, following regulations, and earning rewards in decentralized finance (DeFi).
Exploring Ways to Connect Strategic Data Systems Better
Clearpool’s blockchain, Ozean, which is an RWA, has linked up with ChainSight to boost the oracle technology for dApps. ChainSight’s oracle technology will be integrated into Ozean’s system, making it easier to access off-chain data directly on the blockchain. Based on Ozean’s broader goal, this development ensures the security and compliance needed for decentralized finance (DeFi) solutions in the RWA field.
The Oracle system from ChainSight is open to participation and works on EVM, SVM, and non-EVM chains. As part of its security, the platform applies Chain-Key and zkTLS cryptography to safeguard data and its records while ensuring there have been zero outages. From advanced indexers to real-time oracles, its data capabilities help safely pass on external data to smart contracts.
When dApps are on Ozean, they can use validated secondary data streams like APIs and events that are generated on the blockchain. This enables functions such as automated pricing of financial assets, checking for adherence, and yield generation, which are vital for regulated and expandable usage of RWA.
Artion Enabled Ozean to Upgrade its Technical Setup for RWA Finance
Ozean is built primarily to work as a scaled Layer-2 network running on the OP Stack and connected to the Optimism Superchain. This work aims to solve the main issues in the RWA sector, such as not having enough base yield and being scattered. Ozean will use ChainSight to upgrade its infrastructure and support for financial applications built with blockchain technology.
The company behind Ozean, Clearpool, has given out $800 million in credit to institutional borrowers in the form of tokens since March 2022. Big financial companies such as Jane Street make up some of their client base. With ChainSight’s oracle structure, data sharing and trust will improve in Ozean’s expanding blockchain, which will help build a safer RWA finance ecosystem.
ChainSight has reached $1 billion and is supporting over $200,000 in daily options trades on Berachain. Integrating with 12 different protocols and more than 21 blockchain networks shows it can grow and function well.
Creating Future DeFi RWA Applications that Are Both Scalable and Compliant
The alliances between Ozean and ChainSight are essential steps towards establishing a proper system for tokenized real assets. With the collaboration, Ozean has a greater ability to help credit protocols, platforms for asset tokenization, and DeFi products that need access to outside data to operate properly and stay compliant.
Both firms plan to increase Web3 finance’s use of RWA to address the typical tech-related and data issues that arise in on-chain financial operations. As a result, RWA services are now more secure, can serve a larger customer base, and meet the necessary regulations, helping further improve the decentralized finance sector.
