Key Highlights
- •FTSE Russell is integrating its Russell and FTSE indices onto blockchains through Chainlink’s DataLink service.
- •This integration will provide access to over 40 blockchains, offering real-time access to global financial benchmarks.
- •Chainlink continues to expand its institutional adoption, having secured over $100 billion in DeFi Total Value Locked (TVL) and facilitating $25 trillion in transaction value.
Onchain Integration of Global Financial Benchmarks
FTSE Russell, a prominent global index provider managing over $18 trillion in benchmarked assets, has announced a strategic partnership with Chainlink. This collaboration will introduce FTSE Russell's widely recognized index data onto the blockchain through Chainlink's DataLink service. This marks a significant milestone, as it is the first time FTSE Russell's globally recognized indices will be accessible across more than 40 different blockchains.
Chainlink's DataLink service is designed to empower institutions by enabling them to securely publish and commercialize their data onchain without the necessity of building their own dedicated infrastructure. The primary objective of this integration is to accelerate the adoption of blockchain technology by institutions by supplying trusted, real-time benchmark data to onchain markets.
The integration encompasses a range of significant benchmarks, including the Russell 1000, Russell 2000, and Russell 3000 indices, which collectively represent a substantial portion of the U.S. equity market. Additionally, the integration includes the FTSE 100 Index, WMR FX benchmarks, FTSE DAR Digital Asset Prices, and the FTSE Digital Asset Index.
FTSE Russell indices are among the most frequently utilized financial benchmarks globally, covering approximately 98% of investable global markets. By making these indices available onchain, Chainlink is providing DeFi developers and institutions with verifiable data that can be used to create regulated, tokenized products.
DataLink Enhances Institutional Reach and Accelerates Tokenization
DataLink functions as an institutional-grade publishing service that is powered by Chainlink's decentralized oracle network. This service allows global financial data providers to securely distribute their benchmarks onchain while retaining complete control over their datasets.
The onchain publication of FTSE Russell's data is expected to foster broader innovation in areas such as tokenized assets, Exchange-Traded Funds (ETFs), and the development of next-generation data-driven financial products. This collaboration further solidifies Chainlink's position as a leading bridge connecting traditional finance with blockchain ecosystems.
Following this launch, FTSE Russell's data will be accessible 24/7 to global blockchain markets. This continuous availability will enable developers to seamlessly integrate trusted benchmarks directly into their decentralized applications.
In related market news, the price of Chainlink (LINK) has been trading in negative territory. At the time of reporting, LINK was priced at $16.09, indicating a 24-hour decline of 8.56% and a 7-day drop of 13.05%. Despite these recent downturns, the token experienced a 0.86% gain in the past hour, which may suggest a potential shift in short-term market sentiment.