Leading cryptocurrency oracle provider Chainlink (LINK) continues to forge top-tier partnerships.
At this point, the British giant global index provider FTSE Russell has recently partnered with Chainlink to move and present its indices and market data on-chain.
This data includes data from major global indices such as the Russell 1000, Russell 2000, Russell 3000 and other FTSE products.
Through this partnership, key benchmarks like the Russell 1000, 2000, and 3000, as well as FTSE index data, will be accessible on-chain through Chainlink’s data publishing service, DataLinks.
Through this integration, DataLink will ensure FTSE Russell’s global indices are available on-chain 24/7.
With the Chainlink partnership, FTSE Russell will publish its index data on blockchains for the first time.
In an official statement, FTSE Russell CEO Fiona Bassett said: “We are excited to bring our index data on-chain using Chainlink’s institutional-grade infrastructure. This represents a significant step in enabling innovation in tokenized assets, ETFs, and next-generation financial products. DataLink allows FTSE Russell to securely distribute the underlying data of some of our most trusted benchmarks to global on-chain markets, providing institutions and developers with the same high-quality data that powers traditional finance.”
DataLink is already known to be used by major data providers like Deutsche Börse and S&P Global. It’s also used by thousands of decentralized applications and integrated with dozens of blockchains. Data providers integrate with DataLink, which then sends data to Chainlink nodes and makes it accessible to smart contracts.
Despite the critical partnership news for Chainlink (LINK), the price of LINK fell by approximately 10% last night due to a broader pullback.
As you may recall, Chainlink has also partnered with the US Department of Commerce. According to the partnership news announced in August, the US Department of Commerce announced that macroeconomic data such as GDP, Personal Consumption Expenditure Index (PCE), and US Domestic Demand Strength will be transferred to several blockchain networks via oracle providers Chainlink and Pyth.
*This is not investment advice.