In a landmark move towards the convergence of traditional finance and blockchain, European exchange operator SIX Group announced a significant integration with Chainlink (LINK).
Accordingly, SIX Group announced that Switzerland’s SIX Swiss Exchange and Spain’s BME Exchange will transfer exchange data to the blockchain via Chainlink nodes.
Through Chainlink, SIX is expanding its reach in blockchain market infrastructure by making stock data from its Swiss and Spanish exchanges available to over 2,600 applications across more than 75 blockchains.
This will allow smart contracts to access this data directly, supporting blockchain applications such as tokenized exchange indices and structured products.
According to the company’s statement, real-time data from these exchanges in Switzerland and Spain can be hosted on the blockchain via the Chainlink infrastructure. This opens up new use cases, including tokenized indices, structured products, compatible DeFi applications, prediction markets, and new trading fundamentals based on high-quality stock market data.
With the combined market capitalization of the two exchanges reaching €2 trillion, this step highlights the growing importance of tokenization in the financial world.
As is known, Chainlink is among the most preferred cryptocurrencies by institutions. In this regard, the US Department of Commerce also partnered with Chainlink. According to the partnership announcement made last August, the US Department of Commerce stated that macroeconomic data such as GDP, Personal Consumption Expenditures Index (PCE), and US Domestic Demand Strength would be transmitted to many blockchain networks via “oracle” providers Chainlink and Pyth.
In addition, Deutsche Börse Market Data Services, a division of Deutsche Börse Group, one of Germany’s largest stock exchanges, announced a partnership with the leading oracle platform Chainlink (LINK).
*This is not investment advice.
