Chainlink Powers FTSE Russell Data Shift to Blockchain
- FTSE Russell integrates with Chainlink to publish index data through DataLink.
- The move opens blockchain access to $18 trillion in trusted financial benchmarks.
- LINK token drops 6.68% to $15.05 despite strong trading volume and market activity.
FTSE Russell, the global index provider with over $18 trillion in benchmarked assets, has announced a strategic partnership with Chainlink, the leading decentralized oracle network. The collaboration will make FTSE Russell’s world-renowned index data available on-chain through DataLink, Chainlink’s institutional-grade data publishing service. This marks FTSE Russell’s first move toward on-chain data distribution, positioning the firm at the forefront of blockchain-based financial data integration.
The data, once live, will be accessible round the clock across various blockchains and will provide verified, secure access for developers and institutions working on decentralized applications and financial products.
Through this merger, FTSE Russell joins the growing list of Chainlink’s partners, which already comprises more than 2,000 on-chain apps and includes over 60 public and private blockchains. This move is a continuation of similar partnerships established with major financial data companies such as S&P Global and Deutsche Börse; both use DataLink for secure data transfer to the decentralized markets.
DataLink Expands Institutional Access to Verified Onchain Data
DataLink is a full-service solution that supports the entire process of data providers supplying authenticated data directly to blockchains. The technology liberates businesses operating on the blockchain from the obligation to create separate blockchain setups, thereby assisting in the establishment of secure, institutional data publication.
The data set is certified through a number of independent nodes via Chainlink’s decentralized oracle network, which provides accuracy, security, and transparency. As stated by Fiona Bassett, the CEO of FTSE Russell, the partnership is “a significant boost for the development of tokenized assets, ETFs, and next-gen financial products.”
She also stated that with the assistance of DataLink, FTSE Russell will be able to distribute benchmark data securely, thereby providing developers and institutions with access to the same high-quality information as in traditional markets.
Chainlink co-founder Sergey Nazarov described the collaboration as a “landmark moment” for financial data accessibility. He said the integration “demonstrates how DataLink securely and reliably enables benchmark providers to deliver institutional-grade data directly into blockchain markets.” The move, he added, opens the door for a new generation of tokenized financial products.
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Chainlink’s Market Role and LINK Price Reaction
Chainlink’s proven infrastructure has powered over $25 trillion in on-chain transaction value and secures nearly $100 billion in decentralized finance (DeFi) total value locked (TVL). In spite of the pivotal announcement, Chainlink’s native coin, LINK, dropped 6.68% in the last 24 hours to $15.05, according to CoinMarketCap.
The drop followed a swift correction after the price briefly touched $16.18 earlier in the day’s trading session. Nonetheless, trading volume increased significantly to $1.39 billion, a 71.02% rise from the previous day, a sign of active investor participation in the market during periods of volatility. The market capitalization of Chainlink is $10.36 billion, and the ratio of volume to market cap is 12.85%, indicating high liquidity during market fluctuations.
As FTSE Russell starts to present verified financial data on-chain, one crucial question arises: will this be the link that joins the traditional finance and blockchain ecosystems at scale?
