Overview

Chainlink has announced a strategic partnership with the Intercontinental Exchange (ICE), the owner of the New York Stock Exchange. This collaboration aims to integrate foreign exchange and precious metals pricing data into blockchain platforms.

Key Points

• Chainlink has teamed up with ICE to incorporate comprehensive market data into its services.
• The collaboration incorporates ICE’s Consolidated Feed into Chainlink Data Streams, which supports over 2,000 applications on the blockchain.
• This initiative is set to propel the development of tokenized assets and enhance institutional-grade blockchain frameworks.

Visuals

Chainlink Co-founder Sergey Nazarov

Mission and Goals

By leveraging ICE’s data, Chainlink aims to provide reliable pricing feeds that comply with traditional market standards. This move aligns with a broader trend of bridging the gap between blockchain technology and conventional financial systems, as large financial entities increasingly pursue tokenized versions of real-world assets, including bonds and commodities.

Maurisa Baumann, from ICE, highlighted that this partnership delivers ’trusted, structured multi-asset class data’ tailored for crypto applications, which is vital for the growth of the blockchain ecosystem.

Fernando Vazquez from Chainlink Labs stated, ‘This collaboration signifies a significant shift towards creating a cohesive, globally accessible on-chain financial ecosystem, paving the way for the tokenization of vast assets.’