Deutsche Börse Market Data + Services has announced a strategic partnership with Chainlink to provide its regulated market data to blockchain applications, a landmark move in connecting traditional financial infrastructure with the burgeoning world of decentralised finance (DeFi). For the first time, real-time data from Deutsche Börse’s key trading venues, including Xetra, Eurex, 360T, and Tradegate, will be accessible on-chain through Chainlink’s oracle network.
The collaboration will initially make 41 selected real-time data points available to over 40 public and private blockchains within the Chainlink ecosystem. This data spans a wide range of asset classes, including equities, derivatives, and foreign exchange instruments, enabling developers to build a new generation of smart contract applications based on high-quality, regulated data sources.
The initiative is a significant step towards bridging the gap between traditional and digital finance. “Partnering with Chainlink to publish Deutsche Börse Group’s trusted market data onchain for the first time marks a major milestone in connecting traditional and blockchain-based financial markets,” said Alireza Dorfard, Managing Director and Head of Market Data + Services at Deutsche Börse Group. “By making our data from Xetra, Eurex, 360T, and Tradegate accessible onchain through the Chainlink data standard, we are empowering global financial institutions to build the next generation of regulated financial products on the same high-quality data that underpins today’s markets.”
This partnership is the latest in a series of moves by major financial institutions to leverage Chainlink’s infrastructure for on-chain data provision. It follows a similar collaboration in August, where Intercontinental Exchange (ICE) agreed to provide its foreign exchange and precious metals data to the Chainlink network, signalling a clear trend of established data providers embracing blockchain technology. The goal is to enhance the reliability and security of data feeds used by DeFi protocols, which are critical for functions like asset valuation and collateral management.
The relationship between Deutsche Börse Group and Chainlink appears to be deepening. Just last month, Crypto Finance, a subsidiary of Deutsche Börse Group, integrated Chainlink’s Proof of Reserve (PoR) service. This allows for on-chain verification of the assets backing its physically-backed Bitcoin and Ethereum Exchange Traded Products (ETPs), enhancing transparency for investors and regulators.
The broader industry is also focused on creating seamless interoperability between legacy and modern systems, as evidenced by the collaboration between FIX connectivity solutions provider Rapid Addition and Chainlink to develop a FIX-native blockchain adapter. That initiative aims to allow financial institutions to use their existing trading infrastructure, based on the decades-old FIX protocol, to interact with digital asset platforms.
Ultimately, Deutsche Börse’s move to provide its core market data on-chain is a powerful validation of blockchain technology’s role in the future of finance. By bringing regulated, high-fidelity data to the DeFi ecosystem, this partnership not only supports the development of more robust and reliable financial products but also paves the way for a more integrated global financial system where traditional and decentralised platforms coexist and interoperate.
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