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Vayana, India’s largest trade credit infrastructure platform with $62 billion in financing facilitated across more than 3,000 supply chains, adopted Chainlink as its exclusive oracle infrastructure on May 18 to enable regulated tokenized asset issuance, distribution, and settlement across India.
Serving a massive network of 3,000+ supply chains, Vayana’s adoption of Chainlink as its exclusive oracle infrastructure is establishing India as a leading market for regulated institutional tokenized assets by unlocking advanced tokenized asset solutions.
By adopting Chainlink,…
— Chainlink (@chainlink) May 19, 2026
Starting with the Chainlink Runtime Environment (CRE) and Automated Compliance Engine (ACE), Vayana is building the institutional tokenized asset layer for a market that processes trillions in trade finance annually but runs almost entirely on manual reconciliation and paper-based instruments.
The timing places this announcement in the most concentrated institutional Chainlink adoption fortnight on record.
In the same two-week period:
India’s institutional finance market operates within one of the world’s most demanding regulatory environments. The Reserve Bank of India (RBI) has enforced strict Know Your Customer (KYC), Anti-Money Laundering (AML), and Travel Rule requirements across all financial institutions since 2016, with penalties for non-compliance among the most severe in the Asia-Pacific region.
For tokenized assets to function within that environment, compliance cannot be added as a layer after settlement; it has to be embedded at the point of transaction.
Chainlink’s ACE is the specific infrastructure that enables this. ACE integrates identity registries, policy engines, and reporting tools so institutions can enforce KYC, Know Your Business, AML, counter financing of terrorism, sanctions screening, jurisdictional gating, and Travel Rule policies directly in digital asset workflows across public and private blockchains, with every policy evaluated and logged in real time rather than in post-trade reporting cycles.
“Chainlink provides the highest levels of security and reliability while delivering the compliance capabilities needed for Vayana to enable the distribution of compliant tokenized assets in India at scale,” said Ram Iyer, founder and CEO of Vayana. “With regulatory support, the future of India’s financial system will increasingly be onchain, and we are glad to partner with Chainlink to power the same.”
The assets Vayana brings onchain are not government bonds or Treasury bills. They are trade receivables, supply chain instruments, and structured credit products, the financial instruments that underpin India’s trade economy and currently lack any onchain infrastructure whatsoever.
Trade receivables represent money owed by corporate buyers to their suppliers across supply chains. The current process involves paper invoices, manual credit assessments, bilateral financing agreements between banks and corporates, and settlement cycles measured in weeks.
Tokenizing a trade receivable, with ACE enforcing the KYC and compliance status of every counterparty onchain, compresses the settlement cycle toward real time and enables the instrument to be transferred across financial institutions without requiring compliance checks at each step.
For India’s 64.5 million micro, small, and medium enterprises, which account for over 45% of GDP but struggle to access affordable credit because lenders cannot efficiently assess their risk, tokenized supply chain finance creates a new access channel. A supplier with a Vayana-issued tokenized receivable backed by a creditworthy corporate buyer can present that instrument to any financial institution on the network as verifiable, compliance-cleared collateral.
Johann Eid, chief business officer of Chainlink Labs, confirmed the strategic significance: “Vayana is well positioned to bring compliant, institutional-grade tokenized assets to market at scale leveraging Chainlink.”
Every prior major Chainlink institutional deployment in 2026 has landed in a Western regulatory jurisdiction: the Bermuda Monetary Authority, Fidelity International (UK/Luxembourg/Ireland), Kraken (US), Lido (global but US/EU-dominated), BridgeTower (US), and Deloitte SOC 2 (US). Vayana is the first to bring the same institutional infrastructure to a major emerging market.
India’s tokenized asset market is nascent. The RBI’s central bank digital currency pilot, launched in 2022, remains the most prominent blockchain initiative in the country’s financial system. The Securities and Exchange Board of India (SEBI) has signaled openness to tokenized securities but has not yet published a formal framework. Vayana’s adoption of Chainlink creates a live, production-ready institutional tokenization stack that regulators can assess as the framework develops, rather than starting from theory.
Chainlink’s Q1 2026 review showed CCIP cross-chain transfer volume growing 319% year-on-year, with smart value recapture reaching $18.3 million cumulative.
Chainlink’s wins to start 2026:
• Big Users: Amundi, Polymarket, Coinbase, Aave
• More Adoption: Prediction markets, tokenized RWAs, derivatives
• New Products: 24/5 U.S. Equities, 24/7 FX Data
• Reserve Growth: 1.4M+ $LINK addedFull Q1 recap: https://t.co/fBUJOyERd3 pic.twitter.com/W8yKg8j73T
— Chainlink (@chainlink) April 28, 2026
The operational scale confirms that the infrastructure Vayana is adopting is not experimental. Chainlink’s LINK was at $10.59 on May 18, 46% below its 2025 highs, a discount the institutional deployment calendar is steadily making harder to justify on fundamentals alone.
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