FTSE Russell Partners with Chainlink to Publish Stock Indexes On-Chain

On November 4th, as per Cointelegraph, the global index provider FTSE Russell has formed a partnership with Chainlink. The aim is to publish its benchmark stock indices and digital asset indices on the blockchain, thus demonstrating how blockchain technology is being employed to offer institutional-grade market data. Chainlink announced that by leveraging its DataLink institutional data feed powered by an oracle network, data for the Russell 1000 Index, Russell 2000 Index, Russell 3000 Small Cap Index, FTSE 100 Index, and several digital asset benchmark indices will be accessible on multiple blockchains. The Russell Index series is commonly utilized as benchmarks for U.S. small and mid-cap stocks, with more than $18 trillion in assets globally tracking these indices worldwide. FTSE Russell CEO Fiona Bassett mentioned that this action is one of the company's strategies to promote "innovation around tokenized assets" and provide support for the development of exchange-traded funds (ETFs).