FTSE Russell, the operator of leading Anglo-American stock indexes such as FTSE 100 and Russell 2000.. – MK
FTSE Russell, the operator of leading Anglo-American stock indexes such as FTSE 100 and Russell 2000..
Stock market benchmark provider FTSE Russell said Wednesday that it plans to maintain South Korea’s twin bourses in its list of developed markets, a status the country gained in 2009, fueling speculative hopes on related stocks….
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Indexes such as FTSE 100 and Russell 2000 provided through ‘data link’
JP Morgan, Goldman Sachs ‘adopting institutions’ Megatrend
“tokenization assets, ETF innovation”…”Regulatory clarity is the catalyst”
Provides ‘interoperability’ in CBDC trade experiments in Brazil and Hong Kong
Roles as a ‘data bridge’ linking traditional finance and on-chain economy
FTSE Russell, the operator of leading Anglo-American stock indexes such as FTSE 100 and Russell 2000, will join hands with Chainlink to post major stock indexes directly on-chain for the first time in history.
Chainlink officially announced its financial data partnership with FTSE Russell on Thursday (local time).
The cooperation will provide data such as core stock indexes such as the FTSE 100 in London and Russell 1000·2000·3000 in the U.S., as well as WMR foreign exchange benchmarks and FTSE digital asset indices to several blockchains through Chainlink’s institutional data publishing service ‘DataLink’.
Core stock index data, which is followed by more than $18 trillion (about 2.4 trillion won) worldwide, has been able to supply more than 2,000 global chain link blockchain ecosystems and applications, signaling the beginning of the era of “tokenization of all financial assets. “
“This is a major step in enabling innovation around tokenized assets and ETFs,” FTSE Russell CEO Fiona Bassett said. “It will provide blockchain companies and developers with the same high-quality data as driving traditional finance.”
In other words, the foundation for building new regulatory financial products and services based on reliable benchmarks has been laid.
“Bringing FTSE Russell’s benchmark to the blockchain is a monumental moment for the industry,” said Sergei Nazarov, co-founder of Chainlink. “It is an important step in implementing next-generation data-driven financial products and tokenized assets.”
The addition of FTSE Russell reflects a huge industrial shift in Wall Street financial institutions’ adoption of blockchain technology.
JPMorgan has already turned private equity funds on-chain through its blockchain, and Goldman Sachs and BNY Mellon are also offering tokenized money market funds (MMF) to customers. Recently, Citigroup also analyzed that “regulatory clarity is the catalyst that will accelerate the integration of stablecoins and blockchains into the financial system.”
Chainlink’s role goes beyond just providing data and extends to cross-border payment infrastructure.
Recently, Brazilian digital bank Banco Inter successfully completed a pilot project for cross-border trade finance linking the Brazilian central bank’s “Drex” and the Hong Kong Monetary Authority’s “Project Ensemble” network.
Here, Chainlink demonstrated its technological prowess by providing a core “interoperability” infrastructure that connects two different blockchain systems. Standard Chartered Bank also participated in the pilot project.
In the end, Chainlink plays a role of a “data bridge” that brings Wall Street’s trusted data on-chain and an “interoperability bridge” that connects different blockchains like Brazil-Hong Kong CBDC (Central Bank Digital Currency) at the same time, establishing itself as an indispensable key partner in institutions’ adoption of blockchains.
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