Oracle provider Chainlink is rolling out a service that extends pricing for stocks, commodities and other traditional assets through weekends and holidays, with decentralized lender Aave as its launch partner.
The service, Chainlink 24/7, combines prices from regular and extended trading sessions with quotes from perpetual futures venues when traditional markets close, according to an announcement shared with CoinDesk. Its off-hours reference reflects derivatives trading, rather than transactions on closed traditional exchanges.
Aave is adopting it in its feeds for Horizon, its institutional lending platform, starting with tokenized versions of heavily traded U.S. stocks. Horizon lets qualified investors borrow against tokenized assets.
The launch addresses a pricing gap for blockchain markets that operate around the clock while the assets they track trade on fixed schedules. Applications have had to pause markets, rely on the last available price or build their own systems to value assets during closures, according to Chainlink.
Chainlink introduced 24/5 U.S. stock and ETF pricing in January, covering pre-market, regular, post-market and overnight sessions. The company said its weekday pricing infrastructure now covers more than $1.6 billion in tokenized stocks.