FTSE Russell Benchmarks Go Onchain as Chainlink’s DataLink Brings 24/7 Access
The post FTSE Russell Benchmarks Go Onchain as Chainlink’s DataLink Brings 24/7 Access appeared on BitcoinEthereumNews.com.
Chainlink and FTSE Russell announced today a landmark collaboration that will, for the first time, publish FTSE Russell’s benchmark index data directly onto blockchains via Chainlink’s DataLink service. The move makes some of the world’s most widely used indices, including Russell and FTSE benchmarks, available 24/7 to developers and financial institutions building onchain products, a step both firms say will accelerate adoption of tokenized assets and regulated onchain financial services. FTSE Russell’s indices already underpin more than $18 trillion in assets under management, and the firm’s decision to put that data onchain is positioned as a way to give DeFi protocols and institutional builders the same high-quality, auditable benchmarks they rely on in traditional finance. Chainlink says FTSE Russell joins over 2,000 applications and major banks, asset managers and infrastructure providers across dozens of public and private chains that use its oracle and data services. DataLink, the turnkey data-publishing product powering the integration, is built on Chainlink’s data standard and is designed to let data owners push market data to multiple blockchains without building bespoke infrastructure. Chainlink has pitched DataLink as an institutional-grade bridge between legacy market data and onchain markets, enabling real-time, tamper-evident distribution of benchmarks that can be referenced by smart contracts and tokenized products. Powering Tokenized Assets with Onchain Benchmarks FTSE Russell’s CEO Fiona Bassett framed the move as a significant enabler of new financial products. “We’re excited to bring our index data onchain using Chainlink’s institutional-grade infrastructure. This marks a major step in enabling innovation around tokenized assets, ETFs, and next-generation financial products. DataLink allows FTSE Russell to securely distribute underlying data of some of our most trusted benchmarks across global onchain markets, giving institutions and developers the same high-quality data that powers traditional finance,” Bassett said in the announcement. Chainlink co-founder Sergey Nazarov called the…
