Chainlink LINK Powers NYSE’s Historic Move to Tokenized Stock Markets
The New York Stock Exchange (NYSE) has taken a monumental step by introducing blockchain-based tokenized stock and ETF markets. This initiative, a pivotal development in the Real World Asset (RWA) sector, aims to bring the $80 trillion U.S. stock market on-chain, unlocking new possibilities for the financial industry.
Chainlink emerges as a critical enabler in this transformation. Known for its dominance in blockchain oracle services, chainlink has partnered with financial heavyweights like Swift to deliver secure, real-time data feeds for U.S. stocks and ETFs. The newly launched Chainlink 24/5 U.S. Equities Streams will provide continuous market data, empowering stock exchanges, decentralized platforms, and financial firms to innovate and expand their on-chain offerings.
The MOVE signifies a watershed moment for decentralized finance (DeFi), granting institutional-grade access to U.S. stock markets around the clock. For the first time, DeFi participants can securely engage with traditional equity markets, bridging the gap between legacy finance and blockchain technology.