Tradeweb, a global operator of electronic marketplaces for rates, credit, equities, and money markets, and Chainlink, a leading operator for on-chain finance, have announced a collaboration to publish Tradeweb FTSE U.
S. Treasury Benchmark Closing Prices on-chain. This initiative utilizes DataLink, Chainlink’s institutional-grade data publishing service, to enhance flexibility and transparency within U.
S. Treasury markets by ensuring reliable and real-time availability of benchmark prices. This collaboration aims to create more interconnected markets, allowing institutions to leverage high-quality Treasury data in an always-available environment and offering improved access and confidence in U.
S. Treasury trading.
Chris Bruner, Chief Product Officer at Tradeweb, stated, “Tokenization represents one of the fastest-growing opportunities in our markets today, and our collaboration with Chainlink is a significant step forward in modernizing traditional financial markets through blockchain applications. By making our Tradeweb FTSE U.
S. Treasury Benchmark Closing Prices available on-chain, we aim to unlock new opportunities for innovation and 24/7 access across the global financial ecosystem.”
Sergey Nazarov, Chainlink Co-Founder, commented, “As one of the world’s leading electronic marketplaces used by institutional investors, I’m very excited about our collaboration with Tradeweb as it is a strong signal that the adoption of tokenized finance is accelerating. Through DataLink, Tradeweb can now deliver institutional-grade market data on-chain. This collaboration unlocks a new generation of tokenized funds and financial products and brings one of the most trusted names in global finance into the blockchain economy, driving institutional adoption with the reliability, security, and compliance that only Chainlink can provide.”
DataLink leverages Chainlink’s proven infrastructure to connect data providers with on-chain protocols. The service enables data owners to publish data to blockchains securely, realizing the benefits of connecting to on-chain markets without needing to build or maintain new infrastructure. Chainlink has a track record of delivering reliable infrastructure, powering a significant portion of the on-chain economy for over five years, enabling tens of trillions of dollars in transaction value and actively securing nearly $100 billion in DeFi TVL.
Tradeweb FTSE U.
S. Treasury Benchmark Closing Prices are derived using a methodology that incorporates executable pricing levels available on the Tradeweb platform. These benchmark prices are distinct from Tradeweb’s composite prices, which offer indicative market levels from aggregated market quotes. The closing prices are registered under EU and UK Benchmark Regulation (BMR) and serve as the official closing prices for FTSE’s World Government Bond Index (WBGI). The data set provides comprehensive coverage across U.
S. Treasuries, including Treasury notes, bonds, bills, strips, and Treasury Inflation-Protected Securities (TIPS), with benchmark levels collected at both 3:00 p.m. and 4:00 p.m. New York time.
Tradeweb is the first data publisher for DataLink, joining more than 2,000 on-chain applications, alongside leading banks, asset managers, and infrastructures across over 60 public and private blockchains within the Chainlink ecosystem. Tradeweb Markets Inc. (Nasdaq: TW), founded in 1996, is a global operator of electronic marketplaces, facilitating over $2.4 trillion in notional value traded per day over the past four fiscal quarters for more than 3,000 clients in over 85 countries. Chainlink is recognized as a global standard for connecting blockchains to real-world data, other blockchains, governments, and enterprise systems, having enabled tens of trillions in transaction value across the blockchain economy and adopted by major financial market infrastructures and DeFi protocols, including Swift, Euroclear, Fidelity International, UBS, ANZ, Aave, GMX, and Lido.
