Chainlink (LINK), which provides Web3 service through the Oracle network, has partnered with Two Sigma, which manages a $60 billion asset.
According to the partnership, Two Sigma will stream data and resources to the popular Oracle platform Chainlink. The company will support the platform on issues such as market data, realized transactions, options and derivatives. The two powerful companies aim to increase the functionality of smart contracts by bringing proprietary data together with the project.
Chainlink Announces Partnership with Two Sigma
Oracle giant Chainlink announced via social media that it has partnered with liquidity provider and market maker Two Sigma. As a result of the agreement, new developments will be made in LINK’s decentralized networks. Among these developments, data flows such as options and derivatives drew attention.
One of the largest market makers in traditional finance, Two Sigma manages $60 billion in assets. In addition, Chainlink serves approximately 700 thousand active users. Popular in Oracle services, LINK has become the focus of intense worldwide attention. According to Dune Analytics, LINK has generated around $6.1 trillion in volume to date.
Recently, LINK also announced that it has partnered with global network manager SWIFT. Sergey Nazarov, one of the founders of LINK, underlined that they will expand globally with the SWIFT partnership.
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