Intercontinental Exchange (ICE) and Chainlink have formed a partnership to increase blockchain access to real-time pricing data for forex and precious markets. This collaboration leverages ICE’s Consolidated Feed to provide institutional-grade market data to blockchain applications.
Through the integration of ICE’s Consolidated Feed, which aggregates pricing information from over 300 global exchanges, Chainlink will deliver this structured and reliable data on-chain. This initiative enables over 2,000 decentralized applications to utilize institutional-grade pricing, improving liquidity and accessibility for real-world assets tokenized on blockchain networks.
The partnership directly addresses the growing demand for reliable financial data within the blockchain ecosystem. It aims to enhance transparency and efficiency in forex and precious metals markets operating on distributed ledgers.
This integration comes as tokenized assets are projected to become a multi-trillion dollar asset class, potentially reaching $30.1 trillion by 2034. The availability of high-fidelity data is seen as critical infrastructure supporting this growth.
Interest in Chainlink’s token, LINK, has concurrently risen, with the asset recently reaching a seven-month high. Market observers suggest institutional collaborations like the one with ICE contribute to positive market sentiment and potential future value appreciation.