Chainlink and FTSE Russell have joined forces in a pivotal collaboration that expands the adoption of blockchain technology.
The integration brings global indices and market data to the blockchain for the first time, with decentralized finance in focus.
It is the latest in a series of major blockchain adoption initiatives involving Chainlink.
FTSE Russell integrates Chainlink to make global indices onchain
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FTSE Russell, a leading provider of financial indices, said it is working with Chainlink to deliver its global indices directly to blockchain networks via Datalink.
The rollout is the first time that the platform has taken this major step.
“FTSE Russell bringing its trusted benchmarks to blockchains via Chainlink is a milestone for the industry. This integration demonstrates how DataLink securely and reliably enables world-leading benchmark providers to deliver institutional-quality financial data directly to blockchain markets. We are excited to work with FTSE Russell on this critical step toward enabling the next generation of…
Chainlink’s crypto solutions will strengthen integration. It enables the secure and reliable transmission of index data from FTSE Russell’s extensive portfolio, which includes benchmarks tracking equities, fixed income and other asset classes across international markets.
Importantly, joining forces helps unlock new possibilities for users in the blockchain ecosystem.
“We are excited to bring our index data onchain using Chainlink’s institutional infrastructure. This marks an important step in enabling innovation around tokenized assets, ETFs and next-generation financial products,” said Fiona Bassett, CEO at FTSE Russell.
“DataLink allows FTSE Russell to securely distribute the underlying data of some of our most trusted benchmarks across global onchain markets, providing institutions and developers with the same high-quality data as the traditional financial sector,” Bassett added.
Chainlink is emerging as a major player in blockchain adoption
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Partnering with FTSE Russell is just one of the latest integrations between DeFi and TradFi involving Chainlink.
As a leading oracle network in the crypto space, Chainlink has solidified its position as a cornerstone in the blockchain landscape through deep integrations with major players in the traditional financial and government sectors.
On Wall Street, Chainlink is working with giants like JP Morgan and State Street to advance tokenized funds and custody solutions.
Meanwhile, UBS Group has also collaborated with Chainlink to automate tokenized fund processes, while Ondo Finance uses Chainlink’s oracles to provide financial institutions with direct access to on-chain capital markets, streamlining operations and reducing the number of intermediaries.
The US Department of Commerce in particular uses Chainlink to publish macroeconomic data about the chain.
The integration of the US government provides data such as GDP and trade statistics on blockchains such as Ethereum and Solana.
In this partnership, Chainlink, along with Pyth Network, will securely distribute federal financial data across decentralized networks, normalizing the use of blockchain for mission-critical public information.