Today, Chainlink announced its collaboration with Intercontinental Exchange, Inc. (NYSE: ICE) to bring high-quality derived FX and precious metals data onchain. The partnership marks a new milestone in the development of a global blockchain economy.
ICE is a Fortune 500 company that provides financial technology and data services across major asset classes. Its futures, equity, and options exchanges, including the New York Stock Exchange, are pillars of the global economy. ICE’s FX rates and precious metals prices are relied on by leading banks, asset managers, and other institutions worldwide.
Chainlink will now utilize ICE’s Consolidated Feed data in deriving FX and precious metals rates for distribution via Chainlink Data Streams – a pull-based oracle solution that unlocks advanced onchain financial products through lower gas fees and faster price updates.
As the standard for onchain finance, Chainlink has enabled over $24 trillion in transaction value and provides essential oracle services that support a growing spectrum of tokenized real-world assets (RWAs). Data Streams provide organizations with real-time access to secure and reliable high-frequency market data needed to participate in the growing RWA market, which is projected to exceed $30 trillion within the next decade.
“With content from over 300 global exchanges and marketplaces, the ICE Consolidated Feed offers trusted, structured multi-asset class data to banks, asset managers and ISVs located around the world,” said ICE’s VP of Global Data Delivery Platforms, Maurisa Baumann, in an official announcement.
“We’re happy to work with Chainlink to securely and reliably provide data for onchain markets, which is an important step in growing the global blockchain economy.”
“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,” added Fernando Vazquez, President of Capital Markets at Chainlink Labs.
“This collaboration signals a pivotal shift towards a unified, globally accessible onchain financial system, with hundreds of trillions in assets on a clear path to tokenization.”