Chainlink has announced the launch of Data Streams for equities and exchange-traded funds (ETFs) aimed at increasing the adoption of tokenized assets in the market.
Launch of Data Streams by Chainlink
On August 4, Chainlink announced Data Streams that provide real-time market data for U.S. equities and ETFs supported by 37 blockchains.
Applications in DeFi
The launch allows developers to utilize data for features such as tokenized stock trading, lending, and synthetic ETFs. "Bringing tokenized U.S. equities onchain requires high-frequency, reliable market data," said Thomas Short, co-founder of Kamino.
Tokenized Assets Market
The market for tokenized assets is rapidly growing and is projected to reach $30 trillion by 2030. Solutions like Chainlink Data Streams help tackle issues like pricing gaps and stale data.
The launch of Data Streams by Chainlink represents a significant step toward the integration of traditional financial assets into blockchain technology, facilitating the growth of the tokenized asset market.
