Chainlink Groups Up With NYSE-Father or mother ICE to Deliver FX, Valuable Metals Information On-Chain

Chainlink

has teamed up with Intercontinental Trade (ICE), the dad or mum firm of the New York Inventory Trade, to convey overseas trade and treasured metals pricing information to blockchain networks.

The partnership provides ICE’s Consolidated Feed, a dataset sourced from over 300 exchanges and marketplaces worldwide, to Chainlink Information Streams, which serve over 2,000 on-chain purposes, monetary establishments and infrastructure suppliers.

By incorporating ICE’s information, Chainlink goals to ship pricing feeds that meet the accuracy and latency necessities of conventional capital markets. That normal may assist assist a brand new era of tokenized property, automated settlement methods and different institutional-grade blockchain purposes.

The transfer matches right into a broader pattern of connecting blockchain rails and conventional monetary devices as giant banks, asset managers tokenize real-world property (RWA) like bonds, commodities and funds.

Maurisa Baumann, VP of World Information Supply at ICE, mentioned in an announcement that the collaboration with Chainlink provides “trusted, structured multi-asset class information” from conventional markets for crypto purposes, a key step towards rising the blockchain financial system.

“This collaboration indicators a pivotal shift in direction of a unified, globally accessible on-chain monetary system, with lots of of trillions in property on a transparent path to tokenization,” mentioned Fernando Vazquez, president of capital markets at Chainlink Labs.

Learn extra: NYSE-Father or mother ICE to Discover New Merchandise With Circle’s Stablecoin, Tokenized Fund