Chainlink has launched an update that allows for real-time data on U.S. stocks and ETFs to be used across blockchains, opening new opportunities for financial applications.
Chainlink Data Streams for Stocks and ETFs
According to an official announcement, Chainlink Data Streams are now live, providing real-time stock and ETF pricing information for blockchain platforms. This update coincides with the company’s recent integrations across 11 different blockchains. The data includes major names like AAPL, MSFT, QQQ, SPY, and NVDA.
Tools for Creating Tokenized Financial Products
The new update from Chainlink makes it easier to create tokenized financial products involving U.S. stocks. With improved context and timing, developers can now build lending platforms, synthetic ETFs, and trading tools that link to real stock prices.
Implications for the Tokenized Asset Market
The launch comes at a time when the tokenized asset market is rapidly growing. It is expected to reach $30 trillion by 2030. Chainlink Data Streams provide the tools needed to support this growth, especially as traditional finance shows increasing interest in blockchain technologies.
The Chainlink update with real-time data streams for stocks and ETFs highlights the rapid evolution of blockchain applications in the financial sector and their integration with traditional markets.
