Chainlink will get derivatives-related data from the massive fund, which oversees assets worth around $60 billion

The enormous fund, which oversees assets of around $60 billion, will give Chainlink information about derivatives.

According to a press statement given to CoinDesk, the popular blockchain information network Chainlink will get data from Two Sigma Securities, a quantitative hedge fund with around $60 billion in assets under management.

Chainlink's Oracle network provides pricing feeds and other data, which can aid Web3 developers in starting projects more quickly. Swaps, options, and other information pertaining to derivatives are included in Two Sigma's market data. The inclusion comes a week after financial services company Galaxy Digital joined Chainlink to provide blockchains with cryptocurrency pricing information.

In the press release, Two Sigma Securities CEO Chris Marty stated, "We believe we can play a significant role in fostering a healthy digital assets ecosystem and we are enthused by the value that digital assets can provide to the financial industry as it grows.

The venture capital division of Two Sigma contributed $400 million to two new funds last month, which will invest in cryptocurrencies.