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Global index provider FTSE Russell has partnered with Chainlink to publish its benchmark equity and digital asset indices onchain, highlighting how blockchain technology is being used to deliver institutional-quality market data.
Monday, Chainlink announced that data for the small-cap index Russell 1000, Russell 2000 and Russell 3000, the FTSE 100 index and several digital asset benchmarks will be available on multiple blockchains via DataLink, an institutional quality publishing service powered by the oracle network.
The Russell indices, widely used as benchmarks for US small- and mid-cap stocks, are tracked by more than $18 trillion of assets worldwide.
Fiona Bassett, CEO of FTSE Russell, said the move is part of the company’s strategy to enable “innovation around tokenized assets” and exchange-traded funds.
As Cointelegraph reportedFTSE Russell introduced a series of digital asset indices in January through a partnership with SonarX, with the aim of providing institutional investors with standardized benchmarks for the crypto market.
In 2023, FTSE Russell partnered with digital asset manager Grayscale to launch five indices that categorize the cryptocurrency market by sectors, including smart contract platforms, utilities and consumer products.
Related: JPMorgan bets on tokenization as Kinexys brings private equity onchain
Institutional adoption of blockchain technology is gaining traction
FTSE Russell is among several major financial institutions exploring blockchain technology for applications such as tokenization, settlement and stablecoin integration. As Cointelegraph recently reportedJPMorgan has expanded its tokenization efforts through its private Kinexys blockchain, bringing private equity funds​​​​​​​onchain.
Goldman Sachs and BNY they have also started offering tokenized money market funds for clients, with round-the-clock settlement and onchain property tracking.
In April, the American banking giant Citigroup said that growing institutional interest in blockchain it is fueled in part by a clearer regulatory environment, particularly regarding stablecoins.
“The main catalyst for its greater acceptance may be regulatory clarity in the United States, which could allow greater integration of stablecoins specifically, and blockchain more broadly, into the existing financial system,” Citi said.
Related: JPMorgan said it plans to allow customers to borrow against their Bitcoin and Ether
