Chain link
Works together with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, to bring foreign exchange and precious metals that data prices for blockchain networks.
The partnership adds ICE’s consolidated feed, a data set that comes from more than 300 trade fairs and marketplaces worldwide, to chainlink data flows, which serve more than 2,000 applications on chains, financial institutions and infrastructure providers.
By including ICE data, Chainlink wants to deliver price controls that meet the accuracy and latency requirements of traditional capital markets. That standard can help support a new generation of tokenized assets, automated settlement systems and other blockchain applications of institutional quality.
The relocation fits in with a broader trend of connecting blockchain rails and traditional financial instruments such as large banks, asset managers who are real-world assets (RWA) such as bonds, raw materials and funds token-size token-soulize Tokenize.
Maurisa Baumann, VP of global data delivery at ICE, said in a statement that the collaboration with Chainlink “trusted, structured multi-asset class data” offers an important step towards the growth of the blockchain economy from traditional markets for crypto applications.
“This collaboration indicates a crucial shift to a united, globally accessible financial system on the chain, with hundreds of trillions in assets on a clear path to tokenization,” said Fernando Vazquez, president of Capital Markets at Chainlink Labs.
Read more: NYSE parent ICE to explore new products with Circle’s Stablecoin, Tokenized Fund