Hedge fund Two Sigma, which manages nearly $60 billion in assets, has announced that it will support Chainlink (LINK) in providing data on derivatives.
According to a press release provided to CoinDesk, billion-dollar hedge fund Two Sigma will provide Chainlink with information and data on derivatives transactions. Two new funds were launched last month by Two Sigma’s venture capital arm to include crypto investments. 400 million dollars commitment This development after the interest in the industry it reveals.
Thanks to this data agreement, Chainlink Oracle through the network Web3 It is planned that its developers will have faster and more comprehensive authority over their projects. Data to be provided by Two Sigma options markets and derivative known to contain other information.
The following statements were included in the statement made by Two Sigma Securities on the subject:
As a market maker and data provider, we believe we can play an important role in helping develop a healthy digital asset ecosystem. At this point, we are excited about the potential value digital assets can bring to the financial market as they evolve.