Chainlink Labs has introduced live data streams for US equities and ETFs, allowing smart contracts to access real-time market data across 37 blockchain networks.
Launch of Chainlink Live Data Streams
Chainlink has launched live data streams for US equities and ETFs, providing real-time market data access to smart contracts on 37 blockchain networks. This advancement facilitates tokenized stock trading and creates new opportunities for synthetic ETFs on-chain.
Impact on Tokenized Trading
The introduction of Chainlink’s live data impacts various markets, enabling new uses for DeFi protocols and tokenized financial products. This move could improve liquidity and access to tokenized representations of traditional equities.
Future of Tokenized Finance
Experts note that Chainlink Data Streams could lead to significant technological advancements in tokenized finance. The ability to offer 24/7 markets for US equities is viewed as a promising step in merging traditional and blockchain finance.
The launch of Chainlink’s live data streams enhances the utility of its native token, LINK, potentially driving demand for market data services.
