Chainlink and ICE Collaborate To Bring High-Quality Forex and Precious Metals Data Onchain
Rhea-AI Summary
Intercontinental Exchange (NYSE:ICE) and Chainlink announced a collaboration to integrate ICE's Consolidated Feed data into Chainlink Data Streams, providing high-quality FX and precious metals rates for onchain distribution. The partnership will serve over 2,000 applications in the Chainlink ecosystem, including leading banks and asset managers.
ICE's market data feed, covering multiple currencies and precious metals, will contribute to Chainlink's derived data sets, enhancing reliability in onchain markets. This integration comes as tokenized real-world assets are projected to reach $30.1 trillion, positioning both companies to capitalize on the growing digital asset market.
Positive
- Partnership with Chainlink expands ICE's market reach to over 2,000 blockchain applications
- Strategic positioning in the growing tokenized asset market projected at $30.1 trillion
- Enhanced market data offering through ICE's extensive coverage of 300+ global exchanges
Negative
- None.
Insights
ICE's data integration with Chainlink creates strategic positioning in the growing tokenized asset market, enhancing ICE's relevance in blockchain finance.
ICE's strategic collaboration with Chainlink marks a significant business expansion into blockchain technology. By providing foreign exchange and precious metals data from its Consolidated Feed to Chainlink's Data Streams, ICE is positioning itself as a critical infrastructure provider in the rapidly evolving onchain finance ecosystem.
This partnership offers ICE several strategic advantages. First, it establishes ICE as an early institutional player in what the article projects as a
Second, this collaboration extends ICE's market reach to 2,000+ applications in the Chainlink ecosystem. This creates a new distribution channel for ICE's data products, potentially expanding revenue streams beyond traditional financial institutions to include decentralized finance (DeFi) protocols and blockchain applications.
Importantly, this move indicates ICE's acknowledgment of blockchain's growing role in global finance. By participating in infrastructure development rather than just offering cryptocurrency trading, ICE is taking a more fundamental position in the blockchain economy's foundation. The mention of Chainlink having already enabled "tens of trillions in transaction value" suggests ICE is partnering with an established entity in the space, reducing implementation risks while maximizing market opportunity.
- Chainlink to use ICE Consolidated Feed data in deriving FX and precious metals rates for distribution onchain via Chainlink Data Streams.
- Marks a significant milestone on the pathway towards the mainstream adoption of onchain finance.
This new development marks a significant milestone on the pathway towards the mainstream adoption of onchain finance. ICE's market-leading data feed, covering a broad array of currencies and important precious metals, brings a new level of reliability to onchain markets and supports innovation of new types of tokenized assets and products. ICE serves as one of multiple high-quality data providers utilised by Chainlink for their derived data sets on Chainlink Data Streams, supplying DeFi applications with access to tamper-resistant data. The use of ICE's data further enhances Chainlink's data standard, delivering an onchain experience that meets the rigorous requirements of traditional capital markets and unlocks a new class of institutional-grade applications.
Maurisa Baumann, VP, 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."
With demand for tokenized real-world assets expected to reach
"Using ICE's Consolidated Feed data as an input into Chainlink's derived FX and precious metals rates onchain via Chainlink's institutional-grade infrastructure is a watershed moment in the evolution of global markets," said Fernando Vazquez, President, Capital Markets at Chainlink Labs. "This collaboration signals a pivotal shift towards a unified, globally accessible onchain financial system, with hundreds of trillions in assets on a clear path to tokenization."
If you are a data provider interested in bringing your data to the onchain economy, or are a Web3 protocol interested in integrating high-quality data onchain, reach out to learn more.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)."
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025.
About Chainlink
Chainlink is the backbone of the blockchain industry, the global standard for connecting blockchains to real-world data, other blockchains, governments, and enterprise systems. Chainlink has enabled tens of trillions in transaction value across the blockchain economy, powering critical use cases across DeFi, banking, tokenized real-world assets (RWAs), cross-chain, and more. Chainlink is widely adopted by major financial market infrastructures, institutions, and top DeFi protocols, including Swift, Euroclear, Mastercard, Fidelity International, UBS, ANZ, Aave, GMX, Lido, and many more. Learn more by visiting chain.link.
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SOURCE Chainlink