Chainlink and FTSE Russell Blockchain Partnership

Chainlink (LINK) has taken a significant step in the financial world by forming a strategic partnership with FTSE Russell. Within the scope of this collaboration, data from major indices such as Russell 1000, Russell 2000, and Russell 3000 will be transferred to the blockchain network. As one of the globally recognized crypto data providers, Chainlink will enable FTSE Russell's important index data to be brought on-chain through DataLink.

According to a statement made on Monday, this data will now be accessible around the clock across multiple blockchain networks. FTSE Russell will transmit its data to Chainlink nodes via DataLink. This system, previously preferred by major financial institutions such as Deutsche Börse and S&P Global, is utilized by thousands of decentralized applications. This situation offers developers and institutions secure and verifiable access to market data via smart contracts.

FTSE Russell CEO Fiona Bassett stated, “This step is a significant turning point for the tokenization, ETFs, and the development of next-generation financial products.” Bassett emphasized that DataLink presents an opportunity to securely share reliable index data on global on-chain markets for FTSE Russell. Furthermore, FTSE Russell continues to provide index, data, and analytics services worldwide as a subsidiary of the London Stock Exchange Group.

One of the company's leading indicators, the Russell 1000 Index, includes large companies traded in America and has shown an increase of over 16% since the beginning of the year, according to Google Finance data. However, following this significant development, the price of Chainlink (LINK) has dropped by more than 10%, in line with the overall downward trend. A crucial point for investors will be to carefully monitor the long-term effects of this new partnership on the market.