Chainlink Partners with ICE to Enhance Onchain Market Data
- Chainlink partnered with Intercontinental Exchange (ICE) to bring foreign exchange and precious metals data onchain.
- ICE’s Consolidated Feed aggregates market data from over 300 global exchanges, enhancing Chainlink Data Streams.
- The integration aims to improve the accuracy of rates used by DeFi platforms and financial institutions.
- Standard Chartered predicts the tokenized real-world asset (RWA) market could exceed $30 trillion by 2034.
- Currently, approximately $25.7 billion in RWAs are onchain, with over $260 billion in stablecoins.
This collaboration marks a significant advancement in merging traditional market infrastructure with blockchain technology, ensuring reliability and transparency for onchain markets similar to conventional capital markets.
By integrating ICE’s data, Chainlink aims to support the growth of institutional-grade applications that rely on low-latency market information, crucial for automated settlements and high-value transactions.(Source)
