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.
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