Chainlink Brings ICE FX and Metals Data Onchain

ICE Data Now Available Onchain Through Chainlink

Intercontinental Exchange (ICE), the operator of global exchanges and clearing houses, joined forces with Chainlink to deliver institutional-grade foreign exchange (FX) and precious metals rates onchain.

The data comes from the ICE Consolidated Feed, which aggregates market information from over 300 global exchanges and trading venues. These rates are now a contributor to the derived datasets available through Chainlink Data Streams—an infrastructure layer that supplies more than 2,000 decentralized applications, financial institutions, and asset managers with low-latency, tamper-resistant market data.

This integration allows developers and institutions to access secure, high-frequency pricing for a broad range of fiat currency pairs and key precious metals like gold and silver, all without relying on off-chain intermediaries.

How the Integration Works

ICE is one of multiple providers feeding into Chainlink’s aggregated data products. This multi-source approach ensures resilience and accuracy, key requirements for onchain applications handling large transaction volumes or institutional settlement.

Chainlink Data Streams combine inputs from vetted data partners, derive composite market prices, and make them available directly on blockchain networks. The ICE feed strengthens this process by adding structured, high-reliability FX and metals data that is already widely used in traditional capital markets.

Applications using Chainlink Data Streams can now:

• Access low-latency FX and metals prices directly onchain
• Build decentralized finance (DeFi) products with verifiable, high-quality market data
• Support tokenized assets backed by reliable reference prices
• Enable automated settlement for cross-border or commodity-linked transactions

Why ICE Data Matters for Onchain Finance

Foreign exchange and precious metals are critical benchmarks in both traditional and blockchain-based markets. In tokenized finance—such as stablecoins pegged to non-USD currencies, or gold-backed tokens—having transparent, verifiable pricing onchain helps prevent manipulation, maintain peg stability, and meet regulatory compliance standards.

Maurisa Baumann, VP of Global Data Delivery Platforms at ICE, highlighted that the Consolidated Feed’s multi-asset class coverage has long been trusted by banks, asset managers, and independent software vendors. Bringing that data into blockchain environments extends the same reliability to decentralized markets.

Institutional Adoption and Tokenized Assets

Chainlink says this partnership supports the growing demand for tokenized real-world assets, a market projected to reach $30.1 trillion. By integrating ICE’s market-leading rates into onchain infrastructure, institutions can build products with pricing standards similar to those used in regulated finance.

Fernando Vazquez, President of Capital Markets at Chainlink Labs, described the move as a step toward a “unified, globally accessible onchain financial system,” where institutional-grade infrastructure supports hundreds of trillions in tokenized assets.

Related Chainlink Developments

The ICE partnership follows Chainlink’s launch of the Chainlink Reserve, an onchain treasury designed to strengthen the network’s long-term sustainability. The reserve already holds over $1 million in LINK tokens, funded by both enterprise and onchain usage fees.

The reserve is powered by Payment Abstraction, a system that allows customers to pay for Chainlink services in various tokens or stablecoins. Payments are automatically converted into LINK—often through Uniswap V3 liquidity—via Chainlink’s automation and price feed infrastructure.

Key steps in the Payment Abstraction process include:

• Cross-Chain Interoperability Protocol (CCIP): Moves fee tokens from multiple blockchains to Ethereum for processing.
• Automation: Handles conversions without manual intervention.
• Price Feeds: Ensure optimal conversion rates.

Gold Tokenization: oXAUt Goes Multichain

On August 4, Chainlink also enabled oXAUt, a multichain-compatible version of Tether’s gold-backed token XAUt, to operate across multiple blockchains via Chainlink CCIP and Hyperlane.

Each oXAUt token is backed 1:1 by physical gold stored in Swiss vaults. Unlike the original XAUt, which was limited by isolated bridges, oXAUt can move across chains without slippage or wrapped-token workarounds.

Core features of oXAUt:

• Backed by physical gold in Tether’s Swiss vaults
• Fractionalized for use in DeFi applications
• Built for cross-chain interoperability via CCIP and Hyperlane
• Compatible with multiple DeFi protocols from launch

This multichain design addresses long-standing liquidity and interoperability challenges for commodity-backed digital assets.

The Broader Context

ICE’s entry into onchain data delivery comes as both traditional finance (TradFi) and decentralized finance (DeFi) seek common standards for secure, high-frequency market data. For financial institutions, the combination of ICE’s market credibility and Chainlink’s oracle infrastructure offers a pathway to adopt blockchain-based settlement without sacrificing data integrity.

For DeFi developers, the integration unlocks a set of institutional-grade inputs that were previously accessible only through licensed, off-chain channels. This supports the creation of more complex products—such as derivatives, structured notes, or synthetic assets—while maintaining verifiable, public pricing.

FAQs

1. What does the ICE and Chainlink partnership provide?
   ICE’s FX and precious metals rates are now part of Chainlink Data Streams, delivering institutional-grade market data to onchain applications.

2. Why is onchain FX and metals data important?
   Reliable onchain benchmarks help maintain stability in tokenized assets, reduce manipulation risk, and support regulated financial product design.

3. What is oXAUt?
   oXAUt is a multichain version of Tether’s gold-backed token XAUt, enabled by Chainlink CCIP and Hyperlane, allowing seamless cross-chain movement and DeFi integration.

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Resources:

1. Chainlink Strategic LINK Reserve Announcement: https://blog.chain.link/chainlink-reserve-strategic-link-reserve/

2. Chainlink Docs: https://docs.chain.link/

3. About Chainlink Payment Abstraction: https://www.prnewswire.com/news-releases/chainlink-and-ice-collaborate-to-bring-high-quality-forex-and-precious-metals-data-onchain-302526234.html