Today, Chainlink Labs announced that TP ICAP’s data subsidiary Parameta Solutions will provide forex data to public blockchains via Chainlink’s decentralized Oracle network. Oracles allow public blockchain smart contracts to access data that is external to the blockchain network.

We asked if Parameta’s business model is for Chainlink Labs to pay for data or smart contract developers, but did not receive an answer in time for publication.

“Blockchain and cryptocurrency innovation has catalyzed a whole new generation of distributed systems that need access to trusted, real-world information, and Chainlink is now Oracle’s premier service provider for the on-chain ecosystem,” Rhys said. Spencer, director of APAC. Sale of Parameta Solutions. “Parameta Solutions recognizes this global requirement and is well positioned to be part of what could be a generational upgrade to market infrastructure and data solutions.”

In December, TP ICAP received FCA approval for its new UK crypto exchange, Fusion Digital Assets, which is aimed at institutional participants.

Meanwhile, Chainlink has several reputable organizations providing data for web3 solutions, such as a Lexis Nexis flight data feed for parametric insurance. The nodes are hosted by Swisscom’s digital assets division and Deutsche Telekom’s T-Systems MMS.

In addition to its decentralized Oracle network, Chainlink has its Chain Interoperability Protocol which aims to provide a messaging interface for smart contracts to interact on different blockchains. SWIFT is working with Chainlink Labs on an interoperability proof of concept. The exploration is in the context of stock and bond tokenization.