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Two Sigma Securities Partners With Chainlink As Data Provider

Two Sigma Securities, a quantitative liquidity provider and market maker has joined the Chainlink data provider network.

Two Sigma is a market maker in traditional financial markets, and its venture arm just raised $400 million across two funds to invest in crypto and DeFi.

Two Sigma will donate its proprietary data to Chainlink’s decentralized oracle networks (DONs) as part of the process, with the objective of extending the use cases of on-chain smart contract applications.

According to Dune Analytics, Chainlink is the most commonly utilized Oracle network, with over 690,000 active users and a total value of over $6.1 trillion in transactions (TVE).

Chainlink’s head of data products Yaser Jazouane said:

“Deep quantitative expertise to produce highly accurate price data is foundational to the growth and long-term success of the DeFi ecosystem.”

Chainlink is blockchain agnostic and provides node operators with secure management of API keys and account logins that lead to seamless data integration and access to a vast addressable market of data consumers.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.