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- Chainlink teamed up with Intercontinental Exchange to bring currency and precious metals prices from over 300 markets onto blockchain networks.
- The partnership is aimed at giving banks, asset managers, and developers reliable market data to build new digital assets and financial services.
Chainlink has formed a partnership with Intercontinental Exchange (ICE) to bring foreign exchange and precious metals rates onto blockchain platforms. The metals prices will come from ICE’s Consolidated Feed, which gathers market data from more than 300 exchanges and trading venues around the world.
ICE Data Joins Chainlink Network
It is worth mentioning that through this partnership, Chainlink will add ICE’s FX and metals prices to its Data Streams service. This means more than 2,000 applications, as well as banks, asset managers, and blockchain platforms, will be able to access this information directly onchain.
The ICE Consolidated Feed is already used by major financial institutions for trading, analysis, and risk management. Bringing it to the Chainlink network is aimed at giving blockchain users the same level of accuracy and reliability that traditional markets enjoy.
Maurisa Baumann, Vice President at ICE, said the feed delivers structured, multi-asset class data to clients all over the world. She said working with Chainlink will help bring secure and dependable data to blockchain-based markets, which she called an important step in building the global blockchain economy.
Notably, by adding ICE as one of its data providers, Chainlink is broadening the range of information available for developers. These developers can use the data to create new tokenized assets, improve pricing systems, or power automated settlements in decentralized finance (DeFi) systems.
Meanwhile, in an earlier update, we noted that Chainlink Data Streams now bring live pricing for U.S. stocks and ETFs to 37 different blockchains. In addition, CNF also reported that Chainlink’s state pricing looks at trading data from blockchains to figure out fair prices for tokens on decentralized exchanges.
Tokenized Assets
Analysts expect demand for tokenized real-world assets to grow to more than $30 trillion in the coming years. For Chainlink, the partnership with ICE is part of a larger effort to meet this demand by offering fast, accurate, and secure market data that can be used across many industries.
Fernando Vazquez, President of Capital Markets at Chainlink Labs, described the collaboration as a key moment in the development of global markets. He said it points toward a future where large amounts of assets can move onto blockchain platforms securely and openly.
If anything, this deal shows a practical link between established finance and newer blockchain systems. ICE has years of experience supplying market prices, and Chainlink has the tools to send that data onto blockchains. Consequently, they can both make it easier for more banks, funds, and developers to try out tokenized assets and other digital products.
Notably, for Chainlink, it is another step in connecting the market systems people use now with the growing set of services being built directly on blockchain networks.
