SGX FX, the dedicated FX and currency business unit of Singapore Exchange (SGX Group), announced it has integrated Chainlink, the industry-standard oracle platform, to bring its premium OTC FX market data onchain via Chainlink’s institutional-grade publishing service, DataLink.
SGX Group, Asia’s leading multi-asset market infrastructure, established SGX FX in late 2024 to provide institutional-grade technology, OTC trading solutions, and the world’s most liquid Asian FX futures. SGX FX serves over 200 global financial institutions, including banks, hedge funds, and asset managers.
DataLink leverages Chainlink’s highly resilient oracle infrastructure, which has facilitated over $30 trillion in transaction value, to provide a turnkey service for data owners such as Deutsche Börse and S&P Global Ratings to seamlessly, securely, and reliably publish data onchain without the need to build or maintain new infrastructure.
Adopting DataLink allows SGX FX to deliver its benchmark-quality data to over 2,600 applications across more than 75 blockchains, enabling tokenized assets, structured products, and hedging workflows to use the same data as established global FX markets. The initial rollout features spot and 1-month forward rates covering major G10, Asian, and emerging market currency pairs.
“As markets continue to evolve, users are looking for greater flexibility in how and where they access trusted data,” said Hugh Whelan, Head of Liquidity Management and Data at SGX FX, in an official announcement.
“Working with Chainlink allows us to support new workflows and use cases while staying aligned with the robust standards our participants expect.”
“We’re excited to see SGX FX adopt Chainlink to bring its institutional FX data onchain as it is a clear milestone in the convergence of onchain finance and the world’s largest markets,” added Fernando Vazquez, President of Capital Markets at Chainlink Labs.
“This is how our industry advances to the next level and powers the future of finance.”