As the industry-standard oracle network securing tens of billions of dollars in DeFi, Chainlink connects developers to the largest collection of high-quality on-chain data sources that power increasingly sophisticated use cases for hybrid smart contracts. At the same time, Chainlink acts as a gateway for data providers to expand their reach and gauge which datasets are in highest demand throughout the growing DeFi ecosystem.
More than 88 data providers have launched their own Chainlink nodes to satisfy DeFi’s demand for high-quality data to underpin new financial products. Just last week, Digital Asset Research (DAR) announced that it will deliver its institutional-grade data for 1,000 digital assets on-chain via Chainlink.
Today, Chainlink announced that Two Sigma Securities, a systematic liquidity provider and trading business, will contribute its high-quality proprietary data to the Chainlink Network’s tamper-resistant oracle reports, supporting a growing variety of smart contract use cases that rely on an aggregation of sources for financial market data.
Founded in 2009, Two Sigma Securities’ team trades globally across asset classes, leveraging its models and high-performance trading system to regularly execute over a billion shares per day.
In an official statement, Two Sigma Securities’ CEO, Chris Marty, said that bringing its proprietary data on-chain via Chainlink represents a significant milestone for the financial services company.
“As a market maker and data provider, we believe we can play an important role in helping to cultivate a healthy digital assets ecosystem and we are excited by the value digital assets can bring to the financial marketplace as it evolves,” Marty said.
Because up-to-date, accurate data is crucial to smart contract functions like liquidation mechanisms, Chainlink selects for the most reliable node operators, which gain access to a vast new market of data consumers through Chainlink’s blockchain-agnostic oracle infrastructure.
Chainlink Labs’ Head of Data Products, Yaser Jazouane, emphasized DeFi’s need for “Deep quantitative expertise to produce highly accurate price data” from data providers like Two Sigma Securities:
“By securely making its price data available on-chain via Chainlink decentralized oracle networks, Two Sigma Securities is able to play a critical role in helping increase the adoption of cryptographic guarantees in risk management and financial agreements.”