Global index provider FTSE Russell has announced a groundbreaking initiative to publish its indices and market data on blockchain for the first time, utilizing Chainlink’s robust infrastructure. This collaboration allows for the integration of high-quality index data from FTSE Russell’s major indices—including the Russell 1000, Russell 2000, Russell 3000, and the FTSE 100 Index, among others—into the blockchain ecosystem via DataLink, an institutional-grade service powered by Chainlink.
FTSE Russell’s indices, which are relied upon globally with over $18 trillion in assets benchmarked, will now be accessible across more than 2,000 applications in the Chainlink ecosystem, which spans over 50 public and private blockchains. This transition to on-chain publishing is expected to serve as a significant driver for the mainstream acceptance of tokenized assets within the financial sector, fostering increased trust in blockchain benchmarks. As a result, organizations will find it easier to develop new regulated financial products and services.
Fiona Bassett, CEO of FTSE Russell, expressed enthusiasm for the initiative, stating, “Bringing our index data onchain using Chainlink’s institutional-grade infrastructure marks a major step in enabling innovation around tokenized assets, ETFs, and next-generation financial products.” This move aims to ensure that institutions and developers have access to the same high-quality data that underpins traditional finance.
Chainlink’s DataLink service provides a seamless, secure method for data owners to publish their data on blockchains without needing to develop or maintain new infrastructure. Known for its reliability, Chainlink has supported a substantial portion of the on-chain economy for over five years, having facilitated over $25 trillion in transaction value and securing nearly $100 billion in decentralized finance (DeFi) total value locked (TVL).
Sergey Nazarov, Co-Founder of Chainlink, emphasized the importance of this integration, highlighting that it represents a significant development for the financial industry. He noted that this collaboration exemplifies how DataLink can securely connect leading benchmark providers with blockchain markets, paving the way for a new era of data-driven financial products and tokenized assets.
With this integration, FTSE Russell’s global indices can now be accessed 24/7 on-chain, allowing decentralized finance protocols and developers to securely utilize this data across numerous blockchains. The availability of such high-quality index data promises to enhance functionality and innovation within the emerging landscape of on-chain financial services.
Data providers interested in commercializing their data through DataLink or on-chain platforms looking to integrate valuable data are encouraged to reach out for more information.
Chainlink serves as the industry-standard oracle platform that facilitates the integration of capital markets with blockchain technology, supporting various advanced use cases, including institutional tokenized assets, lending, payments, and stablecoins. With its innovative fee model, Chainlink converts off-chain and on-chain revenue into LINK tokens, stored in a strategic reserve, thereby driving continued growth and adoption within the industry.
