"ICE and Chainlink collaborate to bring foreign exchange and precious metal data onto the blockchain"
In a groundbreaking development, Chainlink and Intercontinental Exchange (ICE) have joined forces to create a more unified and globally accessible onchain financial system. This collaboration marks a significant milestone towards mainstream adoption of onchain finance.
Chainlink's institutional-grade infrastructure is being used to input ICE's Consolidated Feed data for onchain Foreign Exchange (FX) and precious metals rates. This integration brings high-quality, reliable, and market-standard data to onchain applications, which is crucial for advancing tokenized assets and mainstream onchain finance adoption.
By integrating trusted data from ICE—a globally recognized exchange operator with data from over 300 markets—Chainlink enhances the integrity and reliability of financial data available on blockchains. This move enables institutional-grade decentralized finance (DeFi) applications with ultra-fast, low-latency, and secure market data.
This collaboration is a watershed moment in the evolution of global markets. It offers a unified, globally accessible onchain financial system foundation where hundreds of trillions of dollars in assets are poised for tokenization. The availability of trusted FX and precious metals prices onchain helps unlock real-time financing, 24/7 collateral mobility, automated settlement, and the creation of new tokenized products aligned with traditional capital market standards.
The impact on mainstream adoption of onchain finance includes enabling over 2,000 applications, including leading banks and asset managers, to use reliable data for building user-friendly and institutional-grade DeFi experiences. It also supports the growth of the $30+ trillion projected tokenized asset market by providing a secure, tamper-resistant data feed essential for the tokenization of real-world assets like currencies, precious metals, and stablecoins.
Moreover, the collaboration facilitates deep integration between traditional finance infrastructure and blockchain ecosystems, which helps build trust and scalability for onchain financial markets. ICE's Vice President, Global Data Delivery Platforms, Maurisa Baumann, commented on the collaboration, while Fernando Vazquez, President of Capital Markets at Chainlink Labs, stated that using ICE's Consolidated Feed data for Chainlink's FX and precious metals rates is a significant milestone in the evolution of global markets.
It is important to note that ICE is one of multiple high-quality data providers used by Chainlink. The involvement of Chainlink's institutional-grade infrastructure in this collaboration highlights its role in the tokenization of assets. Hundreds of trillions in assets are expected to be on a clear path to tokenization due to this collaboration.
Chainlink Data Streams helps organizations tap into the multi-trillion-dollar opportunity of tokenized assets. The significance of this collaboration lies in its potential to contribute to the shift towards a more unified and globally accessible onchain financial system. Fernando Vazquez also emphasized that this is a watershed moment in the evolution of global markets. Chainlink's infrastructure has already enabled tens of trillions in transaction value across decentralized applications.
In summary, Chainlink's use of ICE Consolidated Feed data significantly strengthens the data backbone for onchain finance by bridging traditional market data quality with blockchain access, thus accelerating the mainstream institutional adoption of tokenized and decentralized financial products.
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