Chainlink and ICE Collaborate To Bring High-Quality Forex and Precious Metals Data Onchain
- Chainlink to use ICE Consolidated Feed data in deriving FX and precious metals rates for distribution onchain via Chainlink Data Streams.
- Marks a significant milestone on the pathway towards the mainstream adoption of onchain finance.
This new development marks a significant milestone on the pathway towards the mainstream adoption of onchain finance. ICE's market-leading data feed, covering a broad array of currencies and important precious metals, brings a new level of reliability to onchain markets and supports innovation of new types of tokenized assets and products. ICE serves as one of multiple high-quality data providers utilised by Chainlink for their derived data sets on Chainlink Data Streams, supplying DeFi applications with access to tamper-resistant data. The use of ICE's data further enhances Chainlink's data standard, delivering an onchain experience that meets the rigorous requirements of traditional capital markets and unlocks a new class of institutional-grade applications.
With demand for tokenized real-world assets expected to reach $30.1 trillion, there's a significant opportunity for forward-looking institutions to establish leadership in the digital asset space. As the standard for low-latency oracle and automated settlement infrastructure, Chainlink Data Streams helps organizations tap into this multi-trillion-dollar opportunity by providing on-demand access to secure and reliable high-frequency market data. Integrating Chainlink enables onchain applications to leverage its institutional-grade infrastructure—which has already enabled tens of trillions in transaction value across decentralized applications—to build ultra-fast and user-friendly experiences.
"Using ICE's Consolidated Feed data as an input into Chainlink's derived FX and precious metals rates onchain via Chainlink's institutional-grade infrastructure is a watershed moment in the evolution of global markets," said
If you are a data provider interested in bringing your data to the onchain economy, or are a Web3 protocol interested in integrating high-quality data onchain, reach out to learn more.
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About Chainlink
Chainlink is the backbone of the blockchain industry, the global standard for connecting blockchains to real-world data, other blockchains, governments, and enterprise systems. Chainlink has enabled tens of trillions in transaction value across the blockchain economy, powering critical use cases across DeFi, banking, tokenized real-world assets (RWAs), cross-chain, and more. Chainlink is widely adopted by major financial market infrastructures, institutions, and top DeFi protocols, including Swift,
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SOURCE Chainlink