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Chainlink Partners with NYSE Owner Intercontinental Exchange

Chainlink Partners with NYSE Owner Intercontinental Exchange

The blockchain oracle Chainlink has announced a partnership with Intercontinental Exchange (ICE), the owner of the NYSE. Together, they will integrate currency and precious metals data into the blockchain.

ICE’s Consolidated Feed, which aggregates market data from over 300 global exchanges and trading venues, will be added to Chainlink Data Streams. This is expected to enhance the accuracy of quotes used in DeFi, banking products, and asset management.

The solution will also provide low latency and protection against manipulation, as well as accelerate the development of institutional blockchain applications and asset tokenization, according to representatives from ICE and Chainlink Labs.

The project’s token, LINK, responded to the news with a rise. Over the past day, its price has increased by more than 2%. At the time of writing, the asset is trading at $21.81.

Chainlink Partners with NYSE Owner Intercontinental Exchange
Hourly chart of LINK/USDT on Binance. Source: TradingView.

LINK is the largest token by market capitalization in the RWA segment, with a figure of $14.7 billion. The top three also include XLM and ONDO, at $13.8 billion and $3.1 billion, respectively.

Chainlink Partners with NYSE Owner Intercontinental Exchange
Top 10 RWA tokens. Source: CoinGecko.

RWA Boom

Demand for RWA continues to grow. According to RWA.xyz, at the time of writing, the volume of tokenized real-world assets stands at $25.7 billion, while stablecoins amount to $260 billion.

Chainlink Partners with NYSE Owner Intercontinental Exchange
Source: RWA.xyz.

Over the past month, the number of RWA holders has increased by nearly 14%, reaching 347,879, while “stablecoin” holders rose by 3%, to 188.5 million.

The leading product in this market is the BUIDL fund by BlackRock, with a capitalization of $2.2 billion. In second place is Tether Gold, with a market value estimated at $1.2 billion.

Since the beginning of 2024, the RWA market has grown by more than $100 billion, according to CoinGecko analysts.

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