Chainlink (LINK) is joining forces with Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, to integrate pricing information for foreign currencies and valuable metals into blockchain platforms.
This collaboration involves incorporating ICE’s Consolidated Feed, a comprehensive data source aggregating information from over 300 global exchanges and marketplaces, into Chainlink Data Streams. These streams currently support over 2,000 decentralized applications, financial institutions, and infrastructure providers operating on blockchain.
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By leveraging ICE’s data, Chainlink aims to provide pricing data feeds that adhere to the rigorous standards of accuracy and speed demanded by traditional financial markets. Meeting these standards is crucial for fostering the development of a new generation of tokenized assets, automated clearing systems, and other blockchain applications suitable for institutional use.
This initiative aligns with the growing trend of bridging the gap between blockchain technology and conventional financial instruments, as major banks and asset managers increasingly tokenize real-world assets (RWA) such as bonds, commodities, and investment funds.
According to Maurisa Baumann, VP of Global Data Delivery at ICE, this partnership with Chainlink offers “reliable, well-structured data spanning multiple asset classes” from traditional markets for integration into cryptocurrency applications, representing a significant advancement toward expanding the blockchain economy.
Fernando Vazquez, president of capital markets at Chainlink Labs, stated, “This collaboration marks a significant step toward a unified and globally accessible on-chain financial system, paving the way for the tokenization of assets worth hundreds of trillions of dollars.”
Read more: NYSE-Parent ICE to Explore New Products With Circle’s Stablecoin, Tokenized Fund