The Blockchain Oracle Platform Chainlink cooperated with the US based on the Fortune 500 Company Intercontinental Exchange (ICE) to bring foreign exchange and important metal data.
The Chainlink Monday has announced that the collaboration will bring a combined Ice feed, which combines market data from more than 300 global exchanges and markets, in derived data sets that stream chainlink data streams.
According to the chainlink, these feeds support more than 2,000 decentralized applications (DAPPS) and major financial institutions to provide market information needed to operate in a legendary environment.
Collaboration marks a key step in integrating the traditional market infrastructure within the blockchain ecosystem.
Enhance the accuracy of the rates used by Defi platforms
By using ICE pricing data provided, the chainlink will enhance the accuracy and reliability of rates used by Decentralized Finance (DEFI) platform, asset managers and banks Building Products Onchain.
The company hopes that the move will boost the growth of blockchain-based applications based on institutional applications based on low-lattency and market-resistant data, which is always required for automatic repairs and high-value transactions.
Maurisa Baumann, vice president of the global data transmission platforms to ICE, said the cooperation with the chainlink is “an important step in growing the global blockchain economy” as it ensures that markets developed onchain have the same level of reliability and transparency as traditional market markets.
Meanwhile, Fernando Vazquez, president of the capital markets in the Chainlink Labs, said cooperation points towards “a united, global onchain financial system.” He said these positions of blockchain infrastructure to support the tokenization of trillion dollars in
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Tokenized Rwas continues to rise
The announcement will come as a demand for the token to real-world assets will continue to increase. In June, the Standard Charter predicts the RWA market can reach more than $ 30 trillion by 2034.
Data tracker rwa.xyz Shut up The total RWWA Onchain is around $ 25.7 billion, while Stablecoins is over $ 260 billion at the time of writing.
In addition, data shows that total asset holders for RWWa reached more than 347,000, up to 13.97% in the last 30 days. Data also show that Stablecoin holders are over 188 million, up to 2.82% in the last 30 days.
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