Key Takeaways:
- NYSE’s parent firm, Intercontinental Exchange (ICE), has collaborated with Chainlink to provide real-world pricing data of FX and precious metals.
- The collaboration will deliver high-frequency FX and precious metals data from 300+ venues to over 2,000 Chainlink-powered applications.
- The initiative is considered a significant step toward integrating institutional-grade data into the on-chain economy.
The real-world use cases of blockchain are being integrated in the business operations of a financial giant, the parent company of the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE). ICE has entered into a strategic partnership with Chainlink (LINK), the partnership will ensure real-world pricing updates from ICE’s feed directly to decentralized finance (DeFi) applications, establishing a secure and dependable data bridge for the growing on-chain economy.
The collaboration ensures ICE will provide high-frequency foreign exchange (FX) and precious metals data from over 300 global venues to more than 2,000 Chainlink-powered applications. This provides DeFi protocols, banks, and asset managers with institutional-grade, tamper-resistant data required to develop more sophisticated and reliable blockchain-based financial products.
Maurisa Baumann, VP of Global Data Delivery Platforms at ICE, stated that providing this data for on-chain markets is an
important step in growing the global blockchain economy
This partnership is a significant technical and symbolic step forward for the tokenization of real-world assets. The ability to access trusted, low-latency price feeds is critical for the functioning of tokenized financial instruments and latency-sensitive products like perpetual futures. Chainlink’s Data Streams technology utilizes a “pull-based” model, allowing applications to fetch and validate data in less than a second, a major improvement over older oracle systems that were push-based.
Fernando Vazquez, President of Capital Markets at Chainlink Labs, called the collaboration a “watershed moment in the evolution of global markets,” emphasizing its importance in creating a unified, on-chain financial system. The collaboration is a clear signal that the foundational infrastructure required for the next generation of finance is being built today, with legacy giants and crypto pioneers working together.
