Chainlink taps ICE’s market data to anchor forex and metals in onchain finance

Intercontinental Exchange, Fortune 500 company behind the New York Stock Exchange, fuels Forex data and real -time metals in Chainlink infrastructure in a partnership that could help fill the gap of billion dollars between Wall Street and decentralized finance.

In a press release As of August 11, Blockchain Oracle Platform Chainlink announced a collaboration with Intercontinental Exchange to integrate the price of high quality Forex and precious metals of Feed Consolidated Feed in its data flow network.

The agreement, to count immediately, will see the aggregated market data of the ICE, coming from more than 300 world exchanges, will serve as a key contribution for the derivative rates of Chainlink, which are consumed by more than 2,000 decentralized applications and institutional actors, said the company.

An important step for the finance of Onchain and the tokenized asset markets

The ChainLink-Ice partnership deals with one of the most persistent challenges of Decentralized Finance: the lack of institutional quality prices for active world. By incorporating the Forex and Precious Metals of the ICE feeds chain data flows, collaboration provides Wall Street reliability standards in blockchain environments.

“With the content of more than 300 world exchanges and markets, the Consolidated ICE flow offers structured and structured multi-network class data to banks, asset managers and ISV located worldwide,” said Maurisa Baumann, vice-president of global data delivery platforms at ICE. “We are happy to work with Chainlink to provide data firmly and reliably to Onchain’s markets, which is an important step in the growth of the world blockchain economy.”

The moment coincides with the acceleration of the demand for tokenized assets. According to Standard charteredTrue world assets could become a market of $ 30.1 billions by 2034.

However, the figures tell a revealing story: while the stablecoins have increased to $ 260 billion, real assets tokenized to only 25.75 billion dollars Rwa.xyz data. This imbalance reflects the prudent position of traditional finance: the institutions will not fully engage as long as the blockchain infrastructure meets their rigorous standards.

Fernando Vazquez de Chainlink Labs has developed development as a potential tilting point, calling it a “moment of the watershed” which could finally convince the traditional markets for transitioning assets in the waves.