Chainlink Secures Key Index Data Partnership, While Firms Build Digital Asset Treasuries
Chainlink Secures Key Index Data Partnership, While Firms Build Digital Asset Treasuries
FTSE Russell has announced a strategic partnership with Chainlink to bring major global index data, including the Russell 1000, onchain. This collaboration highlights the increasing integration of blockchain oracle services with traditional finance. Separately, a trend is emerging where small-cap firms like Tharimmune are raising substantial capital—Tharimmune securing $540 million from ARK Invest and others—to establish digital-asset treasuries, aiming to gain direct market exposure to the broader crypto ecosystem.
Chainlink's Expansion into Traditional Finance
FTSE Russell, a prominent global index provider, has announced a strategic collaboration with Chainlink. This partnership aims to integrate data from major global indices, including the Russell 1000, Russell 2000, and Russell 3000, as well as other FTSE products, onto various blockchains. This move underscores the growing convergence between traditional financial markets and decentralized technologies, leveraging Chainlink's oracle network to ensure reliable and secure data delivery.
Emerging Trend: Digital Asset Treasuries
In a related development showcasing evolving strategies in the digital asset space, Tharimmune has successfully raised $540 million from notable investors such as ARK Invest, DRW, and Kraken. This substantial funding is earmarked for the creation of a 'Canton Coin treasury.' This initiative reflects a burgeoning trend among small-cap companies to re-align their financial strategies, often by establishing dedicated digital-asset treasuries, to gain direct exposure to the broader cryptocurrency market. This approach allows these firms to participate in the digital economy and potentially hedge against traditional market volatilities.