TP ICAP Taps Chainlink to Introduce FX Price Data to Blockchain
TP ICAP, a provider of information and electronic market infrastructure, has used Web3 service provider Chainlink Labs to provide institutional-level exchange rate data to blockchain ecosystem. The company has also joined the Chainlin Network, both firms announced in a joint statement on Thursday.
According to the statement, TP ICAP will provide currency data on over 950 currency pairs to Chainlink’s decentralized oracle network (DONs) through its data and analytics division, Parameta Solutions, which was authorized as a benchmark administrator by the UK Financial Conduct Authority (FCA). last year. A DON is a group of external third-party services that provide real-world data or financial information to a blockchain system.
“With this data now available on-chain, Web3 developers can access TP ICAP’s proprietary currency market data to build a variety of secure smart contract applications,” Chainlink noted in the statement, adding that it will provide TP ICAP’s data to “the widest Net of developers possible through aggregated Chainlink Price Feeds.”
Speaking about the collaboration, Yaser Jazouane, head of data products at Chainlink Labs, noted that TP ICAP’s currency price data on Chainlink will help increase the security, accuracy and utility of blockchain applications.
TP ICAP is also an inter-dealer broker that matches buyers and sellers across major financial markets and asset classes, including energy and commodities. The company also offers price discovery, trade execution and liquidity flow services.
However, TP ICAP is making efforts to establish its presence in the digital asset industry. The company recently registered Fusion Digital Assets, its wholesale exchange for spot crypto assets, with the UK FCA as a crypto asset exchange provider. TP ICAP first announced the planned launch of the platform in June 2021.
Fusion Digital Assets seeks to serve institutional investors only. The platform is a combination of TP ICAP’s over-the-counter electronic platform, Fusion, Fidelity Digital AssetsSM’s custody capabilities and Diversified Liquidity’s anonymous streamlining liquidity services.
TP ICAP, a provider of information and electronic market infrastructure, has used Web3 service provider Chainlink Labs to provide institutional-level exchange rate data to blockchain ecosystem. The company has also joined the Chainlin Network, both firms announced in a joint statement on Thursday.
According to the statement, TP ICAP will provide currency data on over 950 currency pairs to Chainlink’s decentralized oracle network (DONs) through its data and analytics division, Parameta Solutions, which was authorized as a benchmark administrator by the UK Financial Conduct Authority (FCA). last year. A DON is a group of external third-party services that provide real-world data or financial information to a blockchain system.
“With this data now available on-chain, Web3 developers can access TP ICAP’s proprietary currency market data to build a variety of secure smart contract applications,” Chainlink noted in the statement, adding that it will provide TP ICAP’s data to “the widest Net of developers possible through aggregated Chainlink Price Feeds.”
Speaking about the collaboration, Yaser Jazouane, head of data products at Chainlink Labs, noted that TP ICAP’s currency price data on Chainlink will help increase the security, accuracy and utility of blockchain applications.
TP ICAP is also an inter-dealer broker that matches buyers and sellers across major financial markets and asset classes, including energy and commodities. The company also offers price discovery, trade execution and liquidity flow services.
However, TP ICAP is making efforts to establish its presence in the digital asset industry. The company recently registered Fusion Digital Assets, its wholesale exchange for spot crypto assets, with the UK FCA as a crypto asset exchange provider. TP ICAP first announced the planned launch of the platform in June 2021.
Fusion Digital Assets seeks to serve institutional investors only. The platform is a combination of TP ICAP’s over-the-counter electronic platform, Fusion, Fidelity Digital AssetsSM’s custody capabilities and Diversified Liquidity’s anonymous streamlining liquidity services.
