Chainlink
has cooperated with Intercontinental Exchange (Ice)The parent company New York Stock Exchange, to bring foreign exchange and valuable data of metal pricing to blockchain networks.
The collaboration adds a combined ICE feed, a dataset derived from more than 300 exchanges and markets worldwide, in chainlink data streams, which serve more than 2,000 on-chain applications, financial institutions and infrastructure providers.
By incorporating ICE data, the chainlink aims to deliver pricing feeds that meet the accuracy and latency requirements of traditional capital markets. That standard can help support a new generation of tokenized assets, automatic settlement systems and other grade blockchain grade applications.
Moving fits into a broader trend of connecting blockchain metals and traditional financial instruments as large banks, asset managers will tokenize real-world assets (RWA) such as bonds, goods and funds.
Maurisa Baumann, VP of Global Data Delivery on ICE, said in a statement that cooperation with the chainlink offers “trusted, structured asset class data” from traditional markets for crypto applications, a major step towards growing the blockchain economy.
“This collaboration indicates a pivotal shift towards a unified, global accessible on-chain financial system, with hundreds of trillions on property on a clear path to tokenization,” said Fernando Vazquez, president of capital markets in chainlink labs.
Read more: Nyse-Parent Ice to explore new products with Circle’s Stablecoin, Tokenized Fund
