Hedge Fund Two Sigma to Provide Data to Blockchain Information Network Chainlink

The massive fund, which manages about $60 billion in assets, will provide derivatives-related data to Chainlink.

By Brandy Betz

Oct 5, 2022 at 1:00 p.m. UTC

CDCROP: Chainlink — Chainlink will now be getting derivatives-related data from Two Sigma. (Getty Images)

Brandy Betz

Brandy covers crypto-related venture capital deals for CoinDesk.

Follow @BrandyBetz on Twitter

Two Sigma Securities, a quantitative hedge fund with about $60 billion in assets under management, will provide data to popular blockchain information network Chainlink, according to a press release provided to CoinDesk.

Chainlink offers price feeds and other data through its oracle network, which can help Web3 developers get projects off the ground faster. Two Sigma’s market data includes swaps, options and other derivative-related information. The addition comes a week after financial services firm Galaxy Digital joined Chainlink to offer crypto pricing data to blockchains.

“As a market maker and data provider, we believe we can play an important role in helping to cultivate a healthy digital assets ecosystem and we are excited by the value digital assets can bring to the financial marketplace as it evolves,” said Two Sigma Securities CEO Chris Marty in the press release.

Last month, the venture capital arm of Two Sigma committed $400 million to two new funds that would include crypto investments.

Read more: What Is an Oracle?

Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.