Breaking News: Tradeweb Partners with Chainlink to Bring US Treasury Benchmark Prices on-Chain
- Tradeweb collaborates with Chainlink to provide US Treasury benchmark prices on-chain.
- Institutions can now access high-quality Treasury data for tokenized financial products, risk management, and analytics.
Tradeweb, a prominent player in electronic marketplaces, has joined forces with Chainlink to introduce Tradeweb FTSE US Treasury Benchmark Closing Prices on-chain through DataLink. This groundbreaking initiative ensures transparency and accessibility in the US Treasury market by delivering reliable, real-time benchmark pricing to institutional clients.
Chris Bruner, Chief Product Officer at Tradeweb, views the collaboration with Chainlink as a significant step towards integrating blockchain technology into traditional finance and expanding access to high-quality Treasury data round the clock.
“Tokenization is a rapidly growing trend in today’s markets,” stated Bruner. “By making our Tradeweb FTSE U.S. Treasury Benchmark Closing Prices available on-chain, we aim to unlock fresh opportunities for innovation and provide 24/7 access within the global financial ecosystem.”
Tradeweb is focused on merging digital assets with established markets, creating an ecosystem where bonds, equities, and derivatives coexist with blockchain-based instruments. The company has formed partnerships with industry leaders such as BlackRock, Securitize, Digital Asset, Goldman Sachs, Canton Network, and Alphaledger to expand digital asset trading and establish the infrastructure for tokenized securities and decentralized settlement solutions.
“As a leading electronic marketplace for institutional investors worldwide, our collaboration with Tradeweb signals the acceleration of tokenized finance,” remarked Sergey Nazarov, co-founder of Chainlink. “Through DataLink, Tradeweb can now provide institutional-grade market data on-chain, enabling a new era of tokenized funds and financial products. This partnership brings a trusted name in global finance into the blockchain economy, driving institutional adoption with the security and compliance that only Chainlink can offer.”
The partnership between Tradeweb and Chainlink aims to modernize traditional financial markets by harnessing blockchain technology to facilitate 24/7 access and unlock fresh opportunities for innovation within the global financial ecosystem.
