Chainlink and FTSE Russell have come together in a groundbreaking partnership that expands the reach of blockchain technology.
This collaboration introduces global indices and market data onto the blockchain for the first time, with a focus on decentralized finance.
It is the latest in a series of significant blockchain adoption initiatives involving Chainlink.
FTSE Russell Teams Up with Chainlink to Bring Global Indices Onchain
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FTSE Russell, a prominent provider of financial indices, has announced a partnership with Chainlink to bring its global indices directly onto blockchain networks through Datalink.
This rollout marks a major milestone for the platform.
“FTSE Russell’s integration of its trusted benchmarks onto blockchains through Chainlink is a pivotal moment for the industry. This collaboration showcases how DataLink enables leading benchmark providers to securely deliver institutional-grade financial data directly into blockchain markets. We are thrilled to collaborate with FTSE Russell on this crucial step towards enabling the next generation of…
Chainlink’s solutions will power this integration, facilitating the secure and reliable transmission of index data from FTSE Russell’s extensive portfolio, encompassing benchmarks for equities, fixed income, and various asset classes across global markets.
This partnership unlocks new possibilities for users in the blockchain ecosystem.
“We are excited to bring our index data onto the blockchain using Chainlink’s robust infrastructure. This represents a significant leap in fostering innovation around tokenized assets, ETFs, and next-gen financial products,” said Fiona Bassett, CEO of FTSE Russell.
“DataLink enables FTSE Russell to securely disseminate underlying data of our most trusted benchmarks across global blockchain markets, providing institutions and developers with the same high-quality data that drives traditional finance,” added Bassett.
Chainlink’s Role in Blockchain Adoption
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Partnering with FTSE Russell is just one of Chainlink’s recent integrations within DeFi and TradFi sectors.
As the leading oracle network in the crypto space, Chainlink has solidified its position as a key player in the blockchain industry through deep collaborations with major players in traditional finance and government sectors.
On Wall Street, Chainlink has teamed up with giants like JP Morgan and State Street to advance tokenized funds and custody solutions.
Additionally, UBS Group has automated tokenized fund processes in collaboration with Chainlink, while Ondo Finance leverages Chainlink’s oracles to provide financial institutions with direct access to onchain capital markets, streamlining operations and reducing intermediaries.
Notably, the US Department of Commerce is utilizing Chainlink to publish macroeconomic data on the blockchain.
This government integration brings data such as GDP and trade statistics onto blockchains like Ethereum and Solana.
In this partnership, Chainlink, along with Pyth Network, securely distributes federal financial data across decentralized networks, standardizing blockchain usage for critical public information.
