#Canada #Toronto #Chainlink #DeFi #TMX Datalinx

Chainlink Elevates TSX Venture Exchange Data to Blockchain

In a groundbreaking announcement, Chainlink, known as the standard oracle platform in the blockchain space, has partnered with TMX Datalinx, the information services division of the TMX Group. This partnership has facilitated a significant development in the world of finance: the real-time market data from the TSX Venture Exchange (TSXV) is now available on blockchain networks. This marks the first occasion in which users can access regulated exchange data from TSXV through blockchain technology.

Unlocking Access to Trusted Market Data

With the implementation of Chainlink’s DataLink service, more than 2,400 decentralized finance (DeFi) protocols operating within the Chainlink ecosystem can now leverage high-quality data from TMX Datalinx. This integration spans across over 40 public and private blockchains and enhances opportunities for launching innovative financial products that utilize both the transparency of blockchain technology and the reliability of regulated exchange data.

The initial launch features data from TSXV, which supports over 1,600 growth-oriented companies engaged in various sectors, including natural resources, technology, and life sciences. TMX Datalinx's market data onchain establishes a foundational connection that has the potential to expand further into other datasets for enhanced integration in the future.

Bridging Traditional and Onchain Finance

Gavin Morris, Vice President of Proprietary Data Infrastructure at TMX Datalinx, commented on the importance of this collaboration, highlighting how it enables traditional markets to engage with the rapidly evolving landscape of onchain finance. As a result of this integration, global investors seeking reliable market information gain access to previously unavailable resources that can aid decision-making and financial planning.

Security and Efficiency in Financial Markets

The DataLink service utilizes Chainlink’s proven infrastructure to ensure secure and efficient connections are made between data providers and the expanding onchain financial economy. This empowerment allows data owners to publish their data on blockchains seamlessly and safely, without the burdens of maintaining new infrastructure.

As a testament to Chainlink's widespread adoption, the oracle platform has been crucial in securing approximately $100 billion in value across various decentralized financial services, and has played a crucial role in enabling onchain transactions totaling over $27 trillion.

The Future of Capital Markets

Frank Seibold, Global Head of Banking and Capital Markets Sales at Chainlink Labs, expressed enthusiasm over the opportunity this collaboration presents for connecting Canada's capital markets with onchain finance. He acknowledges the growing importance of real-time data across blockchain networks, especially as more institutions look to tokenize their assets securely.

The marriage of legacy financial data with blockchain's programmable features creates a wealth of new opportunities for developers and financial innovators, propelling the financial sector into a new era where data transparency and access are paramount.

In conclusion, this advent of making TSX Venture Exchange market data available via Chainlink is not just a technological upgrade; it signifies a pivotal point in the evolution of financial markets towards a more connected, transparent, and efficient future. As we advance into this direction, more innovative financial products are bound to emerge, driven by the insights derived from accurate and timely data.

For more information on how to integrate this high-quality data within your blockchain projects, you can explore Chainlink's official documentation or contact the Chainlink Labs team directly.