At a Glance
- Chainlink will launch 24/5 US Equities Streams, offering on-chain data for stocks and ETFs.
- The move targets the $80 trillion US equity market, aiming to bring real-time data beyond traditional hours.
- Eight crypto protocols already use the new streams, and the NYSE is exploring tokenized 24/7 trading.
- Why it matters: It could enable crypto platforms to trade U.S. equities around the clock, increasing liquidity and market participation.
Introduction
Chainlink is expanding its market-data services to include 24-hour, 5-day trading data for U.S. stocks and exchange-traded funds. The update is designed to bring the $80 trillion U.S. equity market onto the blockchain, offering real-time volumes, bid and ask prices, and other key metrics beyond standard market hours.
The New 24/5 US Equities Streams
Chainlink announced on Tuesday that its 24/5 US Equities Streams will be added to its existing data services. The product delivers fast and secure market data across all major U.S. equities and ETFs 24 hours per day, 5 days per week. It allows traders to buy, sell, or lend blockchain-based stocks and ETFs through crypto exchanges outside of traditional U.S. trading hours.
Key Features
- Continuous data: volumes, bid and ask prices, and other metrics.
- Real-time access: data is streamed directly to crypto platforms.
- Cross-asset compatibility: the streams support stocks and ETFs alike.
Chainlink notes that U.S. equities are “significantly underrepresented on-chain” because they trade across fragmented sessions during dedicated market hours. The new streams aim to mirror the continuous nature of cryptocurrencies, providing high-fidelity data that reflects real-world market dynamics at all times.
Crypto Protocols Already Using the Streams
At least eight crypto protocols have begun integrating Chainlink’s 24/5 data streams:
| Protocol | Use Case |
|---|---|
| Lighter | Real-time equity data for derivatives |
| BitMEX | Trading and settlement of tokenized stocks |
| ApeX | Market data for equity futures |
| HelloTrade | Access to bid/ask data for ETFs |
| Decibel | Volume analytics for equities |
| Monaco | Cross-border trading of tokenized shares |
| Opinion Labs | Data feeds for algorithmic trading |
| Orderly Network | Liquidity provision for tokenized securities |
These platforms demonstrate a growing demand for continuous, on-chain equity data.
Industry Response and Regulatory Context
The New York Stock Exchange announced on Monday that it is developing a blockchain-based platform for 24/7 trading and instant settlement of tokenized stocks and ETFs. This move aligns with the broader industry push toward around-the-clock trading.
Regulators are also evaluating the feasibility of 24/7 markets. The Securities and Exchange Commission and the Commodity Futures Trading Commission explored allowing continuous trading in September. In April, the CFTC sought public comment on the implications and risks of 24/7 commodities trading.
Chainlink emphasized that the 24/5 data stream is “just the beginning.” The company plans to expand coverage to other asset classes, countries, and eventually 24/7 on-chain coverage.
Timeline of Key Developments
| Date | Event |
|---|---|
| Tuesday | Chainlink announces 24/5 US Equities Streams |
| Monday | NYSE announces development of 24/7 tokenized trading platform |
| September | SEC & CFTC explore 24/7 market possibility |
| April | CFTC seeks public comment on 24/7 commodities trading |
Potential Impact on Market Liquidity
By offering real-time data beyond standard hours, Chainlink’s streams enable crypto platforms to:
- Provide traders with up-to-date market information during off-hours.
- Reduce the lag between on-chain and off-chain price discovery.
- Increase liquidity for U.S. equities and ETFs on decentralized exchanges.
This could help bridge the gap between traditional finance and the emerging crypto ecosystem, making it easier for institutional and retail investors to participate in global markets.
Key Takeaways
- Chainlink’s 24/5 US Equities Streams bring the $80 trillion U.S. market onto the blockchain.
- Eight crypto protocols already use the data, indicating strong demand.
- The NYSE is developing a 24/7 tokenized trading platform, and regulators are reviewing continuous trading.
- Chainlink plans to extend coverage to other assets and potentially 24/7 on-chain data.
By expanding on-chain market data, Chainlink is positioning itself as a central hub for real-time equity information, potentially reshaping how investors trade U.S. stocks and ETFs in the digital age.
