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Tradeweb Brings U.S. Treasury Benchmark Data On-Chain via Chainlink

Tradeweb FTSE U.S. Treasury Benchmark Closing Prices on-chain gives institutional clients direct access to reliable, high-quality benchmark pricing

Tradeweb, a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, and Chainlink, a leading operator for on-chain finance, today announced a collaboration to publish the Tradeweb FTSE U.S. Treasury Benchmark Closing Prices on-chain via DataLink, an institutional-grade data publishing service powered by Chainlink.

The collaboration aims to bring greater flexibility and transparency across U.S. Treasury markets – one of the most liquid and traded asset classes in the world – by ensuring the reliability and real-time availability of benchmark prices on-chain. This represents a significant step toward more interconnected markets, allowing institutions to leverage high-quality Treasury data in an always-available environment and offering clients improved access and confidence in U.S. Treasury trading.

Chris Bruner, Chief Product Officer at Tradeweb, said: “Tokenization represents one of the fastest-growing opportunities in our markets today, and our collaboration with Chainlink is a significant step forward in modernizing traditional financial markets through blockchain applications. By making our Tradeweb FTSE U.S. Treasury Benchmark Closing Prices available on-chain, we aim to unlock new opportunities for innovation and 24/7 access across the global financial ecosystem.”

Sergey Nazarov, Chainlink Co-Founder, said: “As one of the world’s leading electronic marketplaces used by institutional investors, I’m very excited about our collaboration with Tradeweb as it is a strong signal that the adoption of tokenized finance is accelerating. Through DataLink, Tradeweb can now deliver institutional-grade market data on-chain. This collaboration unlocks a new generation of tokenized funds and financial products and brings one of the most trusted names in global finance into the blockchain economy, driving institutional adoption with the reliability, security, and compliance that only Chainlink can provide.”

DataLink leverages Chainlink’s proven infrastructure to connect data providers and on-chain protocols. As a turnkey service, DataLink empowers data owners to seamlessly publish data to blockchains in a secure manner and realize all the benefits of connecting to on-chain markets without requiring them to build or maintain new infrastructure. Chainlink has a proven track record for delivering reliable infrastructure that has powered much of the on-chain economy for more than five years, enabling tens of trillions of dollars in transaction value, and actively securing nearly $100B in DeFi TVL.

Distinct from Tradeweb’s composite prices, which provide indicative market levels from aggregated market quotes, Tradeweb FTSE U.S. Treasury Benchmark Closing Prices are derived using a methodology that includes executable pricing levels available on the Tradeweb platform. These benchmark prices are registered under EU and UK Benchmark Regulation (BMR) and are the official closing prices for FTSE’s World Government Bond Index (WBGI). The data set offers broad coverage across U.S. Treasuries – including Treasury notes, bonds, bills, strips and Treasury Inflation-Protected Securities (TIPS), with benchmark levels collected at both 3:00 p.m. and 4:00 p.m. (New York time).

As the first data publisher for DataLink, Tradeweb joins 2,000+ on-chain applications along with leading banks, asset managers, and infrastructures across 60+ public and private blockchains in the Chainlink ecosystem, with many more chains expected in the future.

About Tradeweb

Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.4 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.

We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. In particular, preliminary average variable fees per million dollars of volume traded and preliminary fixed fees for rates, credit, equities and money markets are subject to the completion of management’s final review and our other financial closing procedures and therefore are subject to change. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods.

Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release.

About Chainlink

Chainlink is the backbone of the blockchain industry, the global standard for connecting blockchains to real-world data, other blockchains, governments, and enterprise systems. Chainlink has enabled tens of trillions in transaction value across the blockchain economy, powering critical use cases across DeFi, banking, tokenized real-world assets (RWAs), cross-chain, and more. Chainlink is widely adopted by major financial market infrastructures, institutions, and top DeFi protocols, including Swift, Euroclear, Fidelity International, UBS, ANZ, Aave, GMX, Lido, and many more. Learn more by visiting chain.link.

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