SGX FX, the FX arm of the Singapore Exchange and a leading technology partner for the global institutional FX ecosystem, has announced that it 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.

Hugh Whelan, Head of Liquidity Management and Data at SGX FX said,

“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.”

Fernando Vazquez, President of Capital Markets at Chainlink Labs said,

“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.”

About Chainlink

Chainlink is the industry-standard oracle platform bringing the capital markets onchain and the market leader powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi.

Many of the world’s largest financial services institutions have also adopted Chainlink’s standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, S&P Dow Jones Indices, FTSE Russell, WisdomTree, ANZ, and top protocols such as Aave, Lido, GMX, and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.