FTSE Russell Integrates Blockchain for On-Chain Benchmark Data
- FTSE Russell will publish its global equity, FX, and digital asset benchmarks on blockchain networks through Chainlink.
- The data will be accessible to over 2,000 applications across more than 50 public and private blockchains.
- This move could transform traditional reference indices into programmable and verifiable financial primitives.
- Fiona Bassett, CEO at FTSE Russell, emphasized the importance of securely distributing underlying data from their benchmarks.
- Oracles like Chainlink act as data bridges between blockchains and the outside world, ensuring accuracy without relying on a single intermediary.
FTSE Russell’s integration with Chainlink marks a significant step in bridging traditional financial standards with decentralized finance infrastructure by making key indices available on-chain. This enables institutions to launch tokenized index products backed by trusted benchmarks.
With this collaboration, developers gain access to high-integrity data for building financial products directly on blockchain networks, enhancing transparency and security in financial contracts using real-world information securely. (Source)
