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ACTIV Financial Systems Inc.

09/13/2021 | Press release | Distributed by Public on 09/14/2021 04:23

Chainlink Using ACTIV Financial to Bring Traditional Market Data to DeFi

New York City, September 14, 2021

We are excited to announce that Chainlink is collaborating with ACTIV Financial to make premium traditional market data feeds available to developers across leading blockchain networks. Chainlink is the industry-leading decentralized oracle network, enabling blockchain-based applications built using smart contracts to access data and services from external APIs. In the case of ACTIV Financial, Chainlink is using a decentralized network of nodes to fetch price data from the ACTIV Financial API, aggregate it with other sources, and deliver it on-chain as a single trusted data point for use by smart contract applications.

ACTIV Financial is a global provider of real-time, multi-asset financial market data and solutions that encompass global content management and data delivery for enterprises and soon blockchain markets via Chainlink. With coverage spanning more than 150 equity and derivatives exchanges around the world, Activ is an end-to-end, independent market data provider.

Chainlink will leverage ACTIV Financial's data within decentralized Price Feeds that supply real-time level-1 equities data into emerging blockchain markets, specifically decentralized finance (DeFi) - a parallel financial ecosystem consisting of open-source, permissionally accessible, tamper-proof financial products built and run on top of blockchains. Once on-chain, Chainlink Price Feeds can be used within DeFi applications to enable these applications to better perform various on-chain actions like settling futures and options contracts, executing on-chain trading strategies, and more.

We are excited to collaborate with Chainlink because it has the largest and fastest growing ecosystem of data providers and smart contract developers using its oracles to buy and sell data between one another. In addition to being widely adopted, Chainlink has several technical advantages that make ideal for data providers, including:

  • High-Quality Data - Chainlink oracle nodes can manage API keys and account logins, allowing our data to be purchased and utilized through the same API subscription model we already employ today.
  • Blockchain Agnostic - Chainlink is blockchain agnostic, serving as a future-proof oracle solution where we can sell our data to any current and future blockchain.
  • Time-Tested Infrastructure - Chainlink is thoroughly audited open-source software that helps collectively secure tens of billions of dollars in value for live DeFi applications, proving its ability to help secure high value contracts.
  • Industry Standard - Chainlink is the most widely used oracle solution in DeFi, offering a large and growing market of new data consumers for our APIs.

We're excited to integrate our market data within Chainlink Price Feeds deployed across numerous top blockchains, ultimately helping ACTIV Financial enter the high-growth DeFi markets in a simple, secure, and accelerated manner.

About Chainlink

Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.

Chainlink is trusted by hundreds of organizations, from global enterprises to projects at the forefront of the blockchain economy, to deliver definitive truth via secure, reliable oracle networks. To learn more about Chainlink, visit chain.link and subscribe to the Chainlink newsletter. To understand the full vision of the Chainlink Network, read the Chainlink 2.0 whitepaper. Want to discuss an integration? Talk to an expert.

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About ACTIV Financial

ACTIV Financial is a global provider of real-time, multi-asset financial market data and solutions. It offers neutral, managed services for buy and sell-side firms and technology providers seeking a complete market data solution that encompasses both global content management and data delivery across the enterprise. With coverage spanning more than 150 equity and derivatives exchanges around the world, ACTIV Financial is the only truly end-to-end, independent market data utility in the industry. Founded in 2002 by market data specialists, the firm is privately owned and has offices in Chicago, New York, Tokyo, Singapore and London.

ACTIV Contact:
[email protected]