Chainlink Partners with ICE to Bring Forex and Precious Metals Data to Blockchain Networks

Chainlink has partnered with Intercontinental Exchange (ICE) to bring foreign exchange and precious metals pricing data to blockchain networks. The partnership adds ICE's Consolidated Feed to Chainlink Data Streams, serving over 2,000 on-chain applications. This move aims to deliver pricing feeds that meet traditional capital markets' accuracy and latency requirements, supporting tokenized assets and institutional-grade blockchain applications. The partnership signals a shift towards a unified, globally accessible on-chain financial system.

Chainlink has announced a strategic partnership with Intercontinental Exchange (ICE) to integrate real-time forex and precious metals data into blockchain networks. This collaboration aims to enhance the accuracy and reliability of onchain data, supporting the growth of tokenized assets and institutional-grade blockchain applications.

The partnership involves integrating ICE's Consolidated Feed, which aggregates data from over 300 global exchanges, into Chainlink Data Streams. This service supports more than 2,000 decentralized applications (dApps) and institutional platforms, providing them with high-quality market data [1][2][3].

The integration of ICE's data into Chainlink's infrastructure is expected to support high-value onchain transactions and automated settlements. By embedding institutional-grade data into blockchain networks, the partnership addresses a key challenge in the tokenization of real-world assets (RWAs): ensuring access to trusted and timely pricing data [1][2][3].

The collaboration reflects a broader trend of traditional financial institutions entering the blockchain space to meet the growing demand for tokenized real-world assets. According to Standard Chartered, the tokenized RWA market could expand to $30.1 trillion by 2034, driven by rising institutional confidence [1][3].

ICE's expansion into blockchain markets underscores the increasing maturity of blockchain technology and its potential to support the tokenization of trillions of dollars in real-world assets. The availability of trusted pricing information is crucial for aligning traditional finance with decentralized ecosystems and fostering confidence among institutional participants [1][2][3].

By leveraging ICE's regulated and high-quality data sources, Chainlink strengthens the infrastructure supporting DeFi and tokenized assets. The partnership signals a shift towards a unified, globally accessible on-chain financial system, positioning blockchain technology as a viable alternative for traditional financial markets [1][2][3].

References:
[1] https://en.coinotag.com/chainlink-and-intercontinental-exchange-collaborate-to-enhance-onchain-data-for-forex-and-precious-metals-markets/
[2] https://blockchainreporter.net/chainlink-integrates-ice-data-to-accelerate-onchain-finance-expansion/
[3] https://www.ainvest.com/news/chainlink-ice-deliver-real-time-fx-precious-metals-data-onchain-2508/