FTSE Russell Announces Onchain Index Publishing with Chainlink
FTSE Russell has joined forces with Chainlink to deliver its benchmark equity and digital asset indexes directly onchain. The collaboration aims to make high-quality market data available to blockchain applications, highlighting an ongoing shift toward blockchain integration in traditional finance.
Key Indexes Now Accessible Onchain
On Monday, Chainlink revealed that key FTSE Russell indexes, including the Russell 1000, Russell 2000, Russell 3000, the FTSE 100 Index, and several digital asset benchmarks, will be published onchain using DataLink, an institutional-grade publishing service from the oracle network. These benchmarks are widely used by investors and currently track over $18 trillion in assets on a global scale.
Supporting Innovation in Tokenized Assets
Fiona Bassett, CEO of FTSE Russell, stated that the move aligns with the company's strategy to encourage innovation around tokenized assets and exchange-traded funds. By making these indexes available across multiple blockchains, FTSE Russell aims to support new forms of financial products and greater transparency for institutional investors.
Context: Expansion Into Digital Asset Benchmarks
FTSE Russell has expanded its presence in the digital asset space with several initiatives:
- In January, the company introduced a series of digital asset indexes through a partnership with SonarX, providing new standardized benchmarks aimed at institutional crypto investors.
- In 2023, FTSE Russell and digital asset manager Grayscale launched five sector-based cryptocurrency indexes, covering areas such as smart contract platforms and utilities.
Broader Financial Sector Developments
The partnership with Chainlink reflects a wider trend among major financial institutions exploring blockchain-based solutions. Other institutions, including JPMorgan, have pioneered blockchain networks for private equity and tokenized funds. Citigroup recently pointed to greater regulatory clarity in the U.S. as a factor accelerating blockchain adoption, particularly around stablecoins. The move toward onchain settlement and tokenized asset tracking is expected to grow as regulatory structures evolve.
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