SGX FX publishes OTC FX rates on-chain via Chainlink

SGX FX has adopted Chainlink’s DataLink to publish its institutional over-the-counter foreign exchange spot and one-month forward rates on blockchain networks. The feeds will be made available to over 2,600 applications across more than 75 blockchains.

The initial on-chain release covers spot and one-month forward rates for major G10 currencies as well as selected Asian and emerging-market pairs. SGX FX is using DataLink, Chainlink’s oracle service designed for institutional data, to deliver its OTC trading rates into blockchain environments.

The on-chain rates are intended for use in decentralized finance protocols, tokenized assets, structured products and hedging workflows that require consistent, market-based price inputs. Chainlink’s network will distribute the SGX FX feed to smart contracts and applications running on multiple chains.

SGX FX provides market data and services to more than 200 financial institutions and participates in price discovery, hedging and risk transfer in both listed and OTC FX markets. The firm stated the on-chain publication was implemented with processes meant to preserve the reliability expected by institutional users while broadening distribution.

Hugh Whelan, Head of Liquidity Management and Data at SGX FX, noted the arrangement gives clients additional options for accessing trusted market data while maintaining institutional standards. Fernando Vazquez, President of Capital Markets at Chainlink Labs, commented that the integration connects institutional FX references with on-chain applications.