Leading crypto oracle provider Chainlink has inked a partnership with FTSE Russell to bring its indices and market data onchain. This includes data for major global indices like the Russell 1000, Russell 2000, Russell 3000, and other FTSE products. FTSE Russell will onboard its data using Chainlink’s institutional-grade data publishing service, DataLink.
The data will now be accessible 24/7 across multiple blockchains, according to an
announcement on Monday. DataLink, previously tapped by major data purveyors like Deutsche Börse and
S&P Global, is used by thousands of decentralized apps and integrated with dozens of blockchains. Data providers integrate with DataLink, which then pushes data to Chainlink’s nodes, making it accessible to smart contracts.
“This marks a major step in enabling innovation around tokenized assets, ETFs, and next-generation financial products,” FTSE Russell CEO Fiona Bassett said. “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.”
FTSE Russell is a global provider of financial indices, data, and analytic solutions that is a subsidiary of the London Stock Exchange Group. The Russell 1000 Index, a benchmark tracking major public firms listed in the U.S., has a weighted-average market capitalization of $1.013 trillion and is up over 16% year-to-date, according to
Google Finance. Chainlink’s native token LINK is down over 10% on Monday amid a wider market pullback, according to
The Block’s prices page.