SGX FX Adopts Chainlink to Bring OTC FX Data to 2,600 Apps Across 75 Blockchains
Updated
Updated · Markets Media · May 18
SGX FX Adopts Chainlink to Bring OTC FX Data to 2,600 Apps Across 75 Blockchains
3 articles · Updated · Markets Media · May 18
SGX FX is using Chainlink’s DataLink service to deliver its OTC foreign-exchange data on-chain, starting with spot and 1-month forward rates for G10, Asian and emerging-market currency pairs.
The move is meant to widen access to benchmark-quality FX pricing and let institutional users consume trusted market data more flexibly across blockchain-based markets.
Chainlink says the integration extends SGX FX data to more than 2,600 applications on over 75 blockchains, giving decentralized finance and tokenized-asset products access to the same pricing used in traditional FX markets.
SGX FX, which is trusted by more than 200 major financial institutions, framed the rollout as part of a broader convergence between established OTC markets and on-chain finance.
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