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Chainlink Brings US Stocks On-Chain With 24/5 Data Feeds

Key Takeaways

  • Chainlink is launching 24/5 US Equities Streams to deliver real-time stock and ETF data for tokenized assets;
  • The service lets crypto platforms trade and lend using equity-based products beyond traditional market hours;
  • Eight crypto protocols already use the new data feeds, with plans for 24/7 global coverage ahead.

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Chainlink Brings US Stocks On-Chain With 24/5 Data Feeds

Chainlink plans to bring more of the US stock market onto blockchain networks by introducing continuous data feeds for tokenized equities and exchange-traded funds (ETFs).

The company said its new 24/5 US Equities Streams will join its existing data services, which offer real-time updates on major US stocks and ETFs throughout the workweek.

According to Chainlink, the goal is to give crypto platforms a reliable way to access and use traditional market data at all hours when traditional markets are closed.

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With this update, crypto platforms can support trading, lending, and derivative products tied to tokenized equities and ETFs. Chainlink noted that, unlike cryptocurrencies, US equities are limited to set market hours, which makes them “underrepresented on-chain".

Chainlink said, "As on-chain markets mature and global participation grows, such as via equity perps, there is increasing demand for continuous, high-fidelity equity data that reflects real-world market dynamics at all times, beyond just standard trading hours".

Eight crypto protocols have already adopted the new streams. These include BitMEX, Lighter, ApeX, HelloTrade, Decibel, Monaco, Opinion Labs, and Orderly Network.

Chainlink said this 24/5 data product “is just the beginning", with plans to expand into more asset classes, new regions, and eventually provide around-the-clock (24/7) on-chain market coverage.

On January 5, Grayscale began distributing the Ethereum staking exchange-traded fund (ETF) in cash. What did the company say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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