TP ICAP joins Chainlink to bring high-quality forex data to blockchains

TP ICAP and Chainlink Labs, the developer of Chainlink (LINK/USD), have teamed in an effort that will see the two platforms bring high quality forex data to blockchains. The Chainlink news development follows TP ICAP, a leading infrastructure provider for the electronic market, joining the Chainlink Network.

TP ICAP to help fuel Web3 growth via Chainlink’s price feeds

According to the two firms, the over 960 pairs of forex data expected to be available to users within the blockchain ecosystem will integrate Chainlink’s decentralised oracle networks (DONs) via TP ICAP’s data analytics tool Parameta Solutions.

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Chainlink’s oracle network has already made it possible for price feeds to the ecosystem, with users accessing over 5 billion data points. But the new partnership with TP ICAP expands that significantly, with the availability of forex pricing data set to benefit an even greater number of applications across Web3.

Yaser Jazouane, the head of data products at Chainlink Labs noted in a press release that data providers like TP ICAP have historically been at the heart of innovation, including fueling growth across Web3 via premium market data. This is what the leading provider of OTC market data brings to blockchains through the Chainlink partnership, Jazouane added.

“The addition of TP ICAP’s institutional-grade forex pricing data to Chainlink helps enhance the security, accuracy, and utility of blockchain applications.”

TP ICAP recently unveiled its crypto-focused wholesale marketplace Fusion Digital Assets, a development that sees the project increase its footprint in the blockchain ecosystem. The platform is also active across other major asset classes, including financial, energy and commodities.