21X Integrates Chainlink for Real-Time Data on Polygon
EU-regulated onchain exchange 21X now uses Chainlink for real-time market data on Polygon.
- 21X is the first EU-regulated onchain exchange.
- It integrates Chainlink for reliable real-time data.
- Market data will be delivered on the Polygon network.
21X, the first EU-regulated onchain exchange for tokenized securities, has taken a significant step forward by integrating Chainlink to access real-time market data on the Polygon blockchain. This collaboration merges regulatory compliance with blockchain technology, creating a powerful infrastructure for the future of digital finance.
By leveraging Chainlink’s secure and decentralized oracles, 21X ensures that its users receive accurate and timely price feeds for tokenized securities. This helps build trust among institutional and retail investors looking to trade within a regulated and transparent environment.
The integration also boosts 21X’s position as a leader in the emerging space of tokenized assets, where reliable market data is critical for maintaining transparency and fair pricing.
Why Polygon Matters in This Setup
Choosing Polygon as the network for data delivery brings additional advantages. Polygon is known for its high-speed and low-cost transactions, making it ideal for executing frequent trades in tokenized securities. By hosting real-time data feeds on Polygon, 21X can offer a seamless experience for its users while keeping transaction costs minimal.
This infrastructure allows 21X to offer services that are not only compliant with EU regulations but also competitive in terms of speed and cost—two essential factors in modern finance.
Chainlink’s Role in Market Integrity
Chainlink, a leader in decentralized oracle networks, is central to this integration. Its oracles fetch and verify real-world data before delivering it to smart contracts on-chain. In the case of 21X, Chainlink ensures that tokenized securities on the exchange reflect accurate market conditions at all times.
This reduces the risk of manipulation or price slippage and enhances market integrity—something that’s especially crucial in the regulated space where investor protection is a top priority.
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