According to @rovercrc, traders are weighing RWA exposure between Chainlink (LINK) and Ondo (ONDO), highlighting two distinct routes to tokenized-asset beta, source: @rovercrc on X. LINK represents infrastructure demand: DTCC’s 2024 Smart NAV pilot used Chainlink to deliver mutual fund NAV data onchain, demonstrating institutional RWA workflows, source: DTCC Smart NAV Industry Pilot 2024 and Chainlink Labs recap. SWIFT’s interoperability experiments connected tokenized assets across networks using Chainlink CCIP, signaling potential messaging-to-settlement bridges institutions can adopt, source: SWIFT Digital Assets Interoperability experiments 2023 and Chainlink Labs. Chainlink Staking v0.2 introduced expanded staking and fee-reward mechanisms tied to network usage, creating measurable onchain metrics traders can monitor (stake utilization and rewards), source: Chainlink Staking v0.2 announcement 2023 by Chainlink Labs. ONDO offers direct RWA yield access: OUSG tokenizes short-term U.S. Treasuries via exposure to BlackRock’s iShares Short Treasury Bond ETF (ICSH) through a special purpose vehicle, source: Ondo Finance OUSG documentation and BlackRock ICSH fund page. USDY is a yield-bearing stablecoin backed by short-term Treasuries and cash equivalents with redemption subject to KYC/AML, which affects float and secondary market dynamics, source: Ondo Finance USDY terms and disclosures. The ONDO token governs the Ondo protocol ecosystem, and the asset’s exchange listings, including Coinbase, support liquidity considerations for traders, source: Ondo governance documentation and Coinbase Assets listing. Access to some Ondo RWA products is limited to qualified investors, a regulatory factor that can influence onchain supply and trading flows relative to open-access infrastructure like LINK oracles, source: Ondo OUSG offering documents.