ICE and Chainlink Partner to Deliver Onchain Forex and Precious Metals Data

Intercontinental Exchange (ICE), a Fortune 500 financial services company, has partnered with Chainlink, a leading blockchain oracle platform, to bring foreign exchange (forex) and precious metals data onchain [1]. This collaboration marks a significant step in integrating traditional financial infrastructure with the blockchain ecosystem. ICE will supply Chainlink with data from its ICE Consolidated Feed, which aggregates market data from over 300 global exchanges and marketplaces. This data will be used to generate accurate forex and precious metals rates, which will then be delivered via Chainlink Data Streams to smart contracts and decentralized applications (DApps) [1].

According to Chainlink, these data feeds already support over 2,000 DApps and major financial institutions. The integration of ICE’s data into onchain environments is expected to enhance the accuracy and reliability of pricing information used by decentralized finance (DeFi) platforms, asset managers, and banks developing onchain products [1]. The move is particularly important for applications requiring low-latency and tamper-resistant market data, such as automated settlements and high-value transactions.

Maurisa Baumann, vice president of global data delivery platforms at ICE, emphasized the significance of the partnership, calling it “an important step in growing the global blockchain economy.” She noted that onchain markets can now operate with the same level of reliability and transparency as traditional capital markets [1]. Fernando Vazquez, president of capital markets at Chainlink Labs, added that the collaboration represents progress toward a “unified, globally accessible onchain financial system,” positioning blockchain infrastructure to support the tokenization of trillions of dollars in assets [1].

The announcement aligns with the growing trend of tokenizing real-world assets (RWAs) in the blockchain space. Recent data shows that total RWAs onchain are around $25.7 billion, while stablecoins exceed $260 billion in value [1]. The number of RWA asset holders has also risen to over 347,000 in the past 30 days, indicating increasing participation and interest in onchain financial instruments [1].

By leveraging ICE’s established reputation in market data and Chainlink’s decentralized oracle network, the partnership aims to create a more secure and reliable environment for onchain financial instruments. This move supports broader industry efforts to integrate traditional financial infrastructure with blockchain technology, enhancing efficiency and interoperability across financial systems [1].

The collaboration is focused on structural and infrastructural advancements rather than performance forecasts or market predictions. As a result, it is expected to attract attention from developers and financial institutions seeking to build robust onchain applications that rely on trusted market data [1].

Source:

[1] Chainlink and ICE Collaborate To Bring High-Quality Forex and Precious Metals Data Onchain

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