Blockchain oracle Chainlink has announced a strategic partnership with Intercontinental Exchange (ICE) to integrate currency and precious metals data into blockchain.
Partnership Between Chainlink and ICE
ICE, the owner of the New York Stock Exchange, has created a Consolidated Feed to aggregate market data from over 300 global exchanges and trading venues. This data will be incorporated into Chainlink Data Streams, enhancing the accuracy of price quotes used in decentralized finance (DeFi), banking products, and asset management applications.
Impact on LINK Token
Following the announcement of the partnership, the LINK token responded with a price increase of more than 2%, trading at $21.81 at the time of writing. LINK holds the largest market capitalization in the Real World Asset (RWA) segment, valued at $14.7 billion.
Growth of the Tokenized Real-World Asset Market
Demand for tokenized real-world assets continues to surge. According to RWA.xyz, the volume of tokenized real-world assets stands at $25.7 billion, while stablecoins total $260 billion. Over the past month, the number of RWA holders grew by almost 14% to 347,879. Top market products include BlackRock’s BUIDL fund with a market cap of $2.2 billion and Tether Gold at approximately $1.2 billion.
The collaboration between Chainlink and ICE underscores the rapid institutional adoption of blockchain technology and the expanding market for tokenized real-world assets.
