Chainlink and FTSE Russell have joined forces in a pivotal collaboration that extends the adoption of blockchain technology.
The integration brings global indices and market data on the blockchain for the first time, with decentralized finance in focus.
It’s the latest in a string of key blockchain adoption initiatives involving Chainlink.
FTSE Russell integrates Chainlink to put global indices onchain
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FTSE Russell, a leading provider of financial indices, said it is teaming up with Chainlink to deliver its global indices directly onto blockchain networks through Datalink.
Rollout is the first time the platform is taking this big step.
“FTSE Russell bringing its trusted benchmarks to blockchains via Chainlink is a landmark moment for the industry. This integration demonstrates how DataLink securely and reliably enables globally-leading benchmark providers to deliver institutional-grade financial data directly into blockchain markets. We’re excited to work with FTSE Russell on this critical step toward enabling the next generation of>
Chainlink’s crypto solutions will power the integration. It allows for secure and reliable transmission of index data from FTSE Russell’s vast portfolio, which includes benchmarks tracking equities, fixed income, and other asset classes across international markets.
Importantly, joining forces helps unlock new possibilities for users in the blockchain ecosystem.
“We’re excited to bring our index data onchain using Chainlink’s institutional-grade infrastructure. This marks a major step in enabling innovation around tokenized assets, ETFs, and next-generation financial products,” said Fiona Bassett, chief executive officer at FTSE Russell.
“DataLink allows FTSE Russell to securely distribute underlying data of some of our most trusted benchmarks across global onchain markets, giving institutions and developers the same high-quality data that powers traditional finance, ” Bassett added.
Chainlink emerges as a key player in blockchain adoption
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Partnering with FTSE Russell is only one of the latest integrations across DeFi and TradFi involving Chainlink.
As the leading oracle network in the crypto space, Chainlink has solidified its position as a cornerstone in the blockchain landscape via deep integrations with major players in traditional finance and government sectors.
On Wall Street, Chainlink has partnered with giants like JP Morgan and State Street to advance tokenized funds and custody solutions.
Meanwhile, UBS Group has also collaborated with Chainlink to automate tokenized fund processes, while Ondo Finance leverages Chainlink’s oracles to grant financial institutions direct access to onchain capital markets, streamlining operations and reducing intermediaries.
Notably, the US Department of Commerce is tapping into Chainlink to publish macroeconomic data onchain.
The US government’s integration brings data like GDP and trade statistics on blockchains such as Ethereum and Solana.
In this partnership, Chainlink, alongside Pyth Network, distributes federal financial data securely across decentralized networks, normalising blockchain use for mission-critical public information.