Chainlink and Intercontinental Exchange (ICE) have joined forces to bring high-quality foreign exchange (forex) and precious metals data onto blockchain networks.
According to the press release, ICE’s consolidated Feed, which collects market information from over 300 global exchanges and marketplaces, will now power Chainlink Data Streams. These streams provide critical market rates to more than 2,000 decentralized applications, banks, and asset managers.
This collaboration is a big step toward making on-chain finance more reliable and trusted. ICE’s data, Chainlink provides reliable and secure prices for currencies and metals that many DeFi platforms depend on. This makes it easier for financial institutions to build products on blockchain that meet the high standards of traditional markets.
Maurisa Baumann, Vice President of Global Data Delivery Platforms at ICE, said, “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. 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.”
This comes as the demand for tokenized real-world assets continues to grow fast. Experts believe this market could grow to $30.1 trillion. Chainlink’s Data Streams provide quick and safe access to market data, helping companies take advantage of this big chance.
Fernando Vazquez, President of Capital Markets at Chainlink Labs, said the partnership is “a watershed moment in the evolution of global markets.” He added it marks a shift toward a “unified, globally accessible on-chain financial system” where trillions of dollars of assets could be tokenized.
Currently, data shows that around $25.7 billion worth of real-world assets are tokenized on blockchain, with more users joining every month. Stablecoins, another digital asset type, hold over $260 billion.
This partnership shows the growing connection between traditional financial data and blockchain technology, helping pave the way for new kinds of digital finance applications.
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