Chainlink and FTSE Russell Join Forces to Revolutionize Financial Data Accessibility with Onchain Indices

Chainlink and FTSE Russell: A New Era of Financial Data

In a groundbreaking move, Chainlink has teamed up with FTSE Russell to make its prestigious indices and market data accessible onchain for the very first time. This innovative collaboration is set to significantly influence the financial landscape, bridging traditional finance and the burgeoning blockchain sector.

The Significance of This Partnership

FTSE Russell, an esteemed global index provider, manages assets exceeding $18 trillion, providing benchmarks widely used in asset allocation and investment strategies. By publishing its data on Chainlink, FTSE Russell aims to enhance the credibility and usability of tokenized assets, which are rapidly gaining traction among financial institutions.

The indices being made available include the Russell 1000, Russell 2000, Russell 3000, and FTSE 100, along with several other benchmarks. Through DataLink, Chainlink's institutional-grade data publishing service, this data will be seamlessly integrated across multiple public and private blockchains. With access to this information, over 2,000 applications within the Chainlink ecosystem will benefit, thus accelerating the development and adoption of innovative financial products.

Unlocking New Opportunities for Financial Products

This integration is not only pivotal for access to global indices but also serves as a catalyst for the creation of next-generation financial products. The ability to use reliable, onchain data for developing regulated offerings will instill greater trust among institutions and pave the way for new services tailored to the digital asset landscape.

Fiona Bassett, CEO of FTSE Russell, expressed enthusiasm about this new phase, stating, "By leveraging Chainlink's infrastructure, we're making significant strides in facilitating innovation surrounding tokenized assets and new financial products. DataLink allows us to distribute high-quality benchmark data securely across onchain markets, thus extending our reach to developers and institutions alike."

How DataLink Works

DataLink harnesses Chainlink's robust infrastructure to connect data providers like FTSE Russell with onchain protocols effortlessly. This service empowers data owners to publish their information without the burden of developing and maintaining new infrastructure. Over the past six years, Chainlink has earned a reputation as a dependable backbone of the onchain economy, allowing for transactions valuing over $25 trillion and ensuring nearly $100 billion in DeFi total value locked (TVL).

Sergey Nazarov, Co-founder of Chainlink, emphasized the importance of this collaboration by stating, "The ability of FTSE Russell to bring its trusted benchmarks onto the blockchain signifies a landmark milestone in the industry. DataLink represents a secure conduit for globally-recognized benchmark providers to deliver institutional-grade financial data into blockchain markets."

Future of Data-Driven Financial Services

With this collaboration, FTSE Russell's global indices will be accessible around the clock onchain, allowing decentralized finance (DeFi) protocols and developers to securely reference and build upon this data. This access is expected to bring a shift in how financial products are conceived, prioritizing transparency and regulatory compliance, which have traditionally been significant concerns in asset management.

For data providers interested in exploring this opportunity further or for onchain platforms keen to integrate high-quality data, reaching out to Chainlink could be the next step. The growing synergy between traditional financial services and blockchain technologies exemplifies a shift towards a more transparent, efficient, and innovative financial ecosystem.

A Call to Action

As the landscape continues to evolve, this partnership illustrates the potential of blockchain technology to transform conventional financial markets. The integration of robust indices onchain not only opens doors for blockchain-based services but also creates a trustworthy foundation for the future of asset management in the digital age.

Chainlink stands at the forefront of this innovation, empowering institutions and developers to harness blockchain potential fully, thus setting the stage for a new era of financial opportunities.