SGX FX and Chainlink Collaborate on Institutional FX Data

SGX FX has adopted Chainlink technology to expand access to its over-the-counter FX data and support institutional demand for blockchain-based market infrastructure.

The exchange announced that it is using Chainlink’s DataLink service to deliver SGX FX market data directly to blockchain networks. The move allows SGX FX benchmark FX pricing data to become available on-chain across more than 75 blockchains and over 2,600 applications connected through the Chainlink ecosystem.

The first phase of the rollout includes spot and one-month forward FX rates covering G10, Asian, and emerging market currency pairs. The integration is aimed at enabling decentralized finance applications, tokenized assets, structured products, and digital hedging workflows to access institutional-grade FX pricing data commonly used in traditional financial markets.

SGX FX and Chainlink Collaborate on Institutional FX Data

SGX FX said the initiative broadens the distribution of its OTC FX data while maintaining the standards expected by institutional market participants. The company serves more than 200 financial institutions globally and plays a role in liquidity provision, price discovery, and risk transfer across listed and OTC foreign exchange markets.

By integrating with Chainlink, SGX FX is extending its services into blockchain-based financial systems as institutions continue exploring tokenization and on-chain settlement models.

Hugh Whelan, Head of Liquidity Management and Data at SGX FX, said market participants increasingly want flexibility in how they access trusted financial data.

“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,” Whelan said.

Also, Fernando Vazquez, President of Capital Markets at Chainlink Labs, described the collaboration as a milestone linking traditional financial markets with blockchain infrastructure.

“We’re excited to see SGX FX adopt Chainlink to bring its institutional FX data on-chain as it is a clear milestone in the convergence of on-chain finance and the world’s largest markets,” Vazquez said. “This is how our industry advances to the next level and powers the future of finance.”

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