Chainlink and Intercontinental Exchange (ICE) announced a partnership aimed at integrating currency and precious metals pricing onto blockchain platforms. This collaboration provides a new level of access to market information for various financial participants.
Chainlink and ICE Partnership
Chainlink has formed a partnership with Intercontinental Exchange (ICE) to integrate foreign exchange rates and precious metal prices onto blockchain platforms. Prices will be sourced from ICE's Consolidated Feed, gathering information from over 300 markets.
ICE Data on Chainlink Network
Through this partnership, Chainlink will add FX and metals prices to its Data Streams service. This allows over 2,000 applications, as well as banks and asset managers, to access information directly on-chain. The ICE feed is already used by major financial institutions for trading and analysis.
Prospects for Tokenized Assets
Analysts expect demand for tokenized real-world assets to exceed $30 trillion in the coming years. The partnership with ICE is part of Chainlink's efforts to meet this demand by providing fast, accurate, and secure market data across various industries.
Thus, the partnership between Chainlink and ICE represents an important step towards bridging traditional financial systems with new blockchain technologies, facilitating the movement of assets to modern platforms.
