SGX FX, a leading technology partner for the global institutional FX ecosystem, has adopted Chainlink, the industry-standard oracle platform, to broaden access to its OTC FX data and support greater flexibility in how institutional participants consume trusted market information.

SGX FX is leveraging DataLink, an institutional-grade service powered by Chainlink, to bring its premium OTC FX trading data to blockchain markets. This enables SGX FX to deliver its benchmark-quality data on-chain, expanding distribution to over 2,600 applications across more than 75 blockchains. The initial rollout features spot and 1-month forward rates covering major G10, Asian, and emerging market currency pairs. Bringing SGX FX’s premium data on-chain unlocks new possibilities for decentralized finance and enables tokenized assets, structured products, and hedging workflows to use the same data relied upon by established global FX markets.

SGX FX is trusted by more than 200 major financial institutions and plays an important role in price discovery, hedging, and risk transfer across listed and OTC FX markets. Through Chainlink, SGX FX extends the reach of its market data into on-chain ecosystems in a manner consistent with the reliability expected by institutional market participants.

“As markets continue to evolve, users are looking for greater flexibility in how and where they access trusted data. Working with Chainlink allows us to support new workflows and use cases while staying aligned with the robust standards our participants expect.” — Hugh Whelan, Head of Liquidity Management and Data at SGX FX

“We’re excited to see SGX FX adopt Chainlink to bring its institutional FX data onchain as it is a clear milestone in the convergence of onchain finance and the world’s largest markets. This is how our industry advances to the next level and powers the future of finance.” — Fernando Vazquez, President of Capital Markets at Chainlink Labs

Source: SGX FX