Chainlink and FTSE Russell have joined forces in a pivotal collaboration to expand the adoption of blockchain technology.
This integration brings global index and market data onto the blockchain for the first time, with a focus on decentralized finance.
This is the latest in a series of major blockchain adoption initiatives involving Chainlink.
FTSE Russell integrates Chainlink and puts global index on-chain
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FTSE Russell, a leading provider of financial indexes, said it has partnered with Chainlink to deliver its global index directly to blockchain networks through Datalink.
The rollout marks the first time the platform has taken this major step.
“FTSE Russell bringing trusted benchmarks to blockchain via Chainlink is a groundbreaking moment for the industry. This integration demonstrates how DataLink enables the world’s leading benchmark providers to safely and securely deliver institutional-grade financial data directly to the blockchain market. We are excited to collaborate with FTSE Russell on this important step towards enabling the next generation of platforms.
Chainlink’s crypto solutions power integration. This allows us to securely and reliably transmit index data from FTSE Russell’s vast portfolio, including benchmarks that track stocks, bonds and other asset classes across international markets.
Importantly, by working together, we can unlock new possibilities for users in the blockchain ecosystem.
“We are excited to leverage Chainlink’s institutional-grade infrastructure to bring our index data on-chain,” said Fiona Bassett, CEO of FTSE Russell. “This is a major step in enabling innovation around tokenized assets, ETFs, and next-generation financial products.”
“DataLink enables FTSE Russell to securely distribute the data underlying our most trusted benchmarks across the world’s on-chain markets, providing institutions and developers with the same high-quality data that underpins traditional finance,” Bassett added.
Chainlink emerges as a major player in blockchain adoption
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The partnership with FTSE Russell is just one of the latest integrations across DeFi and TradFi, including Chainlink.
As the leading oracle network in the cryptocurrency space, Chainlink has solidified its position as a cornerstone of the blockchain environment through deep integration with leading companies in the traditional financial and government sectors.
On Wall Street, Chainlink is partnering with major companies such as JPMorgan and State Street to promote tokenized funds and custody solutions.
Meanwhile, UBS Group is also working with Chainlink to automate the tokenized funds process, and Ondo Finance is leveraging Chainlink’s oracles to give financial institutions direct access to on-chain capital markets, streamlining operations and cutting out intermediaries.
In particular, the US Department of Commerce uses Chainlink to publish macroeconomic data on-chain.
Due to the integration of the US government, data such as GDP and trade statistics are now provided on blockchains such as Ethereum and Solana.
In this partnership, Chainlink will work with Pyth Network to securely distribute federal financial data across a decentralized network and normalize the use of blockchain for mission-critical public information.
