Tradeweb and Chainlink have partnered to bring Tradeweb FTSE US Treasury Benchmark Closing Prices on-chain through DataLink, an institutional-grade data publishing service powered by Chainlink.
The collaboration between Tradeweb, an operator of electronic marketplaces for rates, credit, equities and money markets, and Chainlink, an operator for onchain finance intends to create increased flexibility and transparency across US Treasury markets by guaranteeing reliable and real-time availability of benchmark prices onchain.
The firms say the cooperation is a step toward more interconnected markets, allowing institutions to leverage high-quality Treasury data in a non-stop environment and offering clients improved access in US Treasury trading.
Tradeweb FTSE US Treasury Benchmark Closing Prices are derived using an enhanced methodology that includes executable pricing levels on the Tradeweb platform and are registered as the official benchmark prices for FTSE’s World Government Bond Index.
The dataset features comprehensive coverage across the US Treasuries — including Treasury notes, bonds, bills, strips ,and Treasury Inflation-Protected Securities (TIPS), with benchmark levels collected at both 15:00 and 16:00 New York time.
Chris Bruner, chief product officer at Tradeweb, remarks: “Tokenisation represents one of the fastest-growing opportunities in our markets today, and our collaboration with Chainlink is a significant step forward in modernising traditional financial markets through blockchain applications.
“By making our Tradeweb FTSE US Treasury Benchmark Closing Prices available onchain, we aim to unlock new opportunities for innovation and 24/7 access across the global financial ecosystem.”
Sergey Nazarov, Chainlink co-founder, adds: “Through DataLink, Tradeweb can now deliver institutional-grade market data onchain, unlocking a new generation of tokenised funds and financial products.
“This collaboration 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.”
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