based on materials from the website - CryptoFrontNews
Intercontinental Exchange, operator of the New York Stock Exchange, has entered into a partnership agreement with Chainlink to transfer real-time currency market and precious metals price data to the blockchain. The integration will utilize ICE's consolidated data stream, which collects data from more than 300 global exchanges and makes it available through Chainlink data streams.
Thanks to this collaboration, aggregated market data from ICE is sent to more than 2000 decentralized applications and institutional platforms. By providing structured and reliable information across various asset classes, the integration addresses the challenge of ensuring accurate pricing for tokenized real assets.
The ICE consolidated data stream collects market information from a wide range of exchanges and trading venues. Currently, the company serves banks, asset managers, and independent software vendors worldwide. Through this deal, ICE will expand its presence in blockchain markets by offering its data in formats suitable for use on decentralized platforms.
The agreement comes amid growing demand for tokenized assets. According to Standard Chartered, the market for tokenized real assets could grow to $30.1 trillion by 2034. However, according to RWA.xyz, the current market value of tokenized assets is only $25.75 billion compared to $260 billion in stablecoins.
Maurice Baumann, Vice President of Global Data Delivery Platforms at ICE, stated that the integration provides a secure and reliable way to deliver price information for blockchain-based markets. He emphasized the importance of aligning blockchain services with institutional data standards.
Fernando Vasquez from Chainlink Labs characterized this event as a moment that could promote more active institutional participation in on-chain markets. By integrating reliable and high-quality data into blockchain infrastructure, the partnership may accelerate the migration of traditional assets into decentralized networks.
The partnership between Chainlink and ICE represents a step towards uniting well-known financial data providers with emerging blockchain ecosystems. With the growing interest in tokenized assets, the availability of reliable price information can help bridge traditional finance with decentralized technologies.
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