Chainlink
has teamed up with Intercontinental Trade (ICE), the father or mother firm of the New York Inventory Trade, to convey overseas alternate and valuable 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 Knowledge Streams, which serve over 2,000 on-chain functions, 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 commonplace might assist assist a brand new technology of tokenized belongings, automated settlement methods and different institutional-grade blockchain functions.
The transfer matches right into a broader pattern of connecting blockchain rails and conventional monetary devices as massive banks, asset managers tokenize real-world belongings (RWA) like bonds, commodities and funds.
Maurisa Baumann, VP of International Knowledge Supply at ICE, stated in a press release that the collaboration with Chainlink affords “trusted, structured multi-asset class information” from conventional markets for crypto functions, a key step towards rising the blockchain economic system.
“This collaboration indicators a pivotal shift in the direction of a unified, globally accessible on-chain monetary system, with a whole bunch of trillions in belongings on a transparent path to tokenization,” stated Fernando Vazquez, president of capital markets at Chainlink Labs.
Learn extra: NYSE-Parent ICE to Explore New Products With Circle’s Stablecoin, Tokenized Fund