FTSE Russell Brings Its Indices Onchain Through Chainlink’s DataLink – Turning Point for Institutional Finance?
Chainlink has introduced a collaboration with FTSE Russell to carry the index supplier’s benchmarks on-chain by way of DataLink, Chainlink’s institutional-grade information publishing service.
In a press launch shared with CryptoNews, the agency explains that this transfer marks the primary time FTSE Russell’s information—together with the Russell 1000, Russell 2000, Russell 3000, and FTSE 100 indexes, alongside WMR FX benchmarks and FTSE Digital Asset Indices—will likely be accessible instantly on blockchain networks.
With over $18 trillion in property below administration benchmarked in opposition to its indices, FTSE Russell’s entry into the blockchain area represents a significant step in bridging conventional finance and decentralized ecosystems.
The information will now be accessible throughout greater than 50 private and non-private blockchains to 2,000+ Chainlink ecosystem applications, opening the door to new tokenized monetary merchandise.
Accelerating Institutional Adoption of Tokenized Assets
FTSE Russell’s resolution to publish its index information on-chain displays the rising demand amongst monetary establishments for trusted, regulated information sources in digital markets. By utilizing Chainlink’s oracle infrastructure, establishments and builders can construct tokenized property, ETFs, and next-generation monetary merchandise.
“We’re excited to carry our index information on-chain utilizing Chainlink’s institutional-grade infrastructure,” mentioned Fiona Bassett, CEO at FTSE Russell, an LSEG business.
“This marks a significant step in enabling innovation round tokenized property and next-generation monetary merchandise. DataHyperlink permits FTSE Russell to securely distribute trusted benchmarks throughout world on-chain markets,” provides Bassett.
DataHyperlink: A Bridge Between Traditional and Decentralized Markets
Chainlink’s DataHyperlink serves as a turnkey answer, permitting information suppliers to publish data instantly onto blockchains with out constructing or sustaining new infrastructure.
It makes use of Chainlink’s oracle know-how, which has allowed over $25 trillion in transaction worth and actively secures practically $100 billion in DeFi whole worth locked (TVL).
The service ensures that information from established suppliers like FTSE Russell is authenticated, tamper-proof, and accessible 24/7, permitting DeFi protocols to reference the identical high-quality information that powers conventional monetary methods.
A Defining Moment for On-chain Finance
Chainlink co-founder Sergey Nazarov described the collaboration as a “landmark second” for each industries. “FTSE Russell bringing its trusted benchmarks to blockchains by way of Chainlink is a vital step towards enabling the following technology of data-driven monetary merchandise and tokenized property,” Nazarov mentioned.
With this integration, blockchain builders and monetary establishments can confirm, reference, and construct with FTSE Russell’s information throughout a number of blockchains, setting the stage for broader adoption of regulated, data-backed monetary devices in decentralized markets.
U.S. Commerce Dept Partners with Chainlink to Bring Data On-chain
In August, the United States Department of Commerce (DOC) mentioned it has teamed up with Chainlink to carry macroeconomic information from the Bureau of Economic Analysis (BEA) on-chain.
Chainlink shared that through its oracle infrastructure, key indicators comparable to Real Gross Domestic Product (GDP), the Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers at the moment are accessible throughout ten blockchain methods.
This transfer additionally marked the primary time U.S. authorities financial information has been revealed on-chain in a verifiable approach. According to the agency, builders can instantly combine the Chainlink Data Feeds into decentralized purposes (dApps), unlocking use circumstances comparable to automated buying and selling methods, composable tokenized property, prediction markets, and threat administration instruments for DeFi protocols.
Chainlink Price Action
Chainlink’s native token, LINK, fell sharply over the previous 24 hours, sliding 11.22% to $15.29 on the time of writing, in response to information from CryptoNews.
The LINK/USD pair, buying and selling on Coinbase, recorded a each day high of $17.65 and a low of $14.54, closing at $15.31—a drop of practically 13% on the day. Trading quantity surged to 1.95 million LINK, indicating sturdy sell-side exercise. Chainlink presently ranks #20 by market capitalization, with a complete provide of 1 billion tokens.
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