Blockchain Oracle Platform Chainlink has teamed up with Fortune 500 Intercontinental Exchange (ICE), based in the United States, to provide exchange and precious metals.
ChainLink announced on Monday that collaboration would bring the consolidated flow of the ICE, which aggregates market data with more than 300 exchanges and world markets, with derivative data sets which feed the data flows of the chain.
According to Chainlink, these flows support more than 2,000 decentralized applications (DAPP) and the main financial institutions to provide market information necessary to operate in token environments.
The partnership marks a major step in the integration of traditional market infrastructure within the blockchain ecosystem.
Improvement of the precision of the rates used by the DEFI platforms
Using the pricing data provided by ice, ChainLink will improve the accuracy and reliability of the rates used by decentralized financing platforms (DEFI), asset managers and ONCHAIN banks’ construction products.
The company expects this decision to stimulate the growth of applications based on institutional quality blockchain which require low latency and severe market data, which is always a requirement for automated establishments and high -value transactions.
Maurisa Baumann, vice-president of the global data delivery platforms at ICE, said that working with Chainlink is “an important step in the growth of the world blockchain economy” because it guarantees that the built markets have the same level of reliability and transparency as traditional capital markets.
Meanwhile, Fernando Vazquez, president of the capital markets of Chainlink Labs, said that collaboration points to “a unified and accessible onchain financial system”. He said that it posed blockchain installations to support the tokenization of billions of dollars in assets, highlighting the chainlink push to provide standards of institutional quality to Defi
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Rwas tokenized continue to increase
The announcement comes as the demand for tokenized real assets continues to increase. In June, Standard Charterd predicted that the RWA market could reach more than 30 dollars by 2034.
Data Tracker Rwa.xyz shows that the Total Rwas Onchain is around $ 25.7 billion, while Stablecoins exceed $ 260 billion at the time of writing this document.
In addition, the data shows that the total asset holders for RWAS reached more than 347,000, up 13.97% in the last 30 days. The data also shows that stablescoin holders are greater than 188 million, up 2.82% in the last 30 days.
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