Recently, a landmark collaboration occurred between ICE, the owner of the New York Stock Exchange, and Chainlink, aimed at integrating financial data into the decentralized finance (DeFi) ecosystem.
Integration of ICE and Chainlink
The partnership will allow the integration of pricing data for currencies and precious metals, sourced from hundreds of exchanges worldwide, directly into DeFi through Chainlink's infrastructure.
Goals of the Partnership
The partnership targets high-value use cases such as automated settlements and institutional-grade DeFi products. ICE aims for its consolidated feed, which aggregates information from over 300 marketplaces, to be integrated into the Chainlink system, which already serves more than 2,000 decentralized applications.
Growth of Tokenized Asset Market
User participation in the tokenized asset market continues to rise, with the number of real asset holders increasing by 14% over the last month. Reliable and verified data from ICE could play a crucial role in scaling these markets.
With the integration of ICE and Chainlink, decentralized finance is poised to reach new heights, bridging institutional standards with user accessibility.
