Chainlink
has teamed up with Intercontinental Alternate (ICE), the mum or dad firm of the New York Inventory Alternate, to carry overseas trade and treasured metals pricing knowledge to blockchain networks.
The partnership provides ICE’s Consolidated Feed, a dataset sourced from over 300 exchanges and marketplaces worldwide, to Chainlink Data Streams, which serve over 2,000 on-chain purposes, monetary establishments and infrastructure suppliers.
By incorporating ICE’s knowledge, Chainlink goals to ship pricing feeds that meet the accuracy and latency necessities of conventional capital markets. That commonplace may assist help a brand new technology of tokenized property, automated settlement methods and different institutional-grade blockchain purposes.
The transfer suits 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 International Data Supply at ICE, stated in an announcement that the collaboration with Chainlink provides “trusted, structured multi-asset class data” from conventional markets for crypto purposes, a key step towards rising the blockchain economic system.
“This collaboration signals a pivotal shift towards a unified, globally accessible on-chain financial system, with hundreds of trillions in assets on a clear path to tokenization,” stated Fernando Vazquez, president of capital markets at Chainlink Labs.
Learn extra: NYSE-Parent ICE to Discover New Merchandise With Circle’s Stablecoin, Tokenized Fund
