US government publishes economic data on-chain via Chainlink and Pyth

The US government has taken a major step towards integrating blockchain technology into public data infrastructure.

On Thursday, the Department of Commerce announced that it has partnered with oracle providers Chainlink and Pyth Network to publish key US economic indicators directly on public blockchains for the first time.

Under this initiative, the Commerce Department is making data from the Bureau of Economic Analysis (BEA). This includes real gross domestic product (GDP), the Personal Consumption Expenditures (PCE) Price Index, and real final sales to private domestic purchasers, verifiably available on-chain. 

According to the department, this programme aims to improve transparency, strengthen accountability, and provide global access to official economic statistics.

“It’s only fitting that the Commerce Department and President Donald Trump, the Crypto-President, publicly release economic statistical data on the blockchain”, Commerce Secretary, Howard Lutnick, said in the announcement. 

“We are making America’s economic truth immutable and globally accessible like never before, cementing our role as the blockchain capital of the world. And everybody has to admit that 3.3% GDP growth is impressive”, Lutnick added. 

The data will initially be available on ten blockchains, including Ethereum, Avalanche, Base, Arbitrum, Optimism, Mantle, Linea, Botanix, Sonic, and ZKsync. 

Additional networks, such as Bitcoin, Solana, Stellar, Tron, Polygon, and others, will also be supported through coordinated dissemination with the oracle providers.

Officials confirmed that the information will be secured using cryptographic hashes, ensuring that once the data is published, it cannot be altered. 

The goal, they said, is to create another channel for distributing verified economic data rather than replacing existing reporting methods.

“This entire administration has embraced this”, said the CEO of Douro Labs, Mike Cahill, which worked with the Commerce Department during the rollout. “With today’s announcement we are now in a world where government data lives on blockchains, and market participants can participate in real time”, he added.

Chainlink and Pyth take centre stage

Chainlink and Pyth, two of the industry’s leading blockchain oracle providers, are playing pivotal roles in making this initiative possible.

By linking BEA data directly to decentralised networks, they are enabling new use cases across DeFi, prediction markets, and tokenised assets.

Through Chainlink’s infrastructure, developers now have access to secure, real-time Data Feeds that integrate directly into decentralised applications. 

In a blog post, Chainlink explained that these feeds can power automated trading strategies, composable financial products, and risk management tools for DeFi protocols.

This move comes amid Chainlink’s growing engagement with US regulators and policymakers in 2025. Earlier this year, the company participated in meetings with the Securities and Exchange Commission (SEC), contributing to interpretive guidance that clarified broker-dealer and transfer agency compliance for blockchain platforms. 

Chainlink also collaborated with the SEC Crypto Task Force to demonstrate how Chainlink ACE embeds compliance logic directly into on-chain infrastructure.

Chainlink’s leadership, including co-founder, Sergey Nazarov, has been active in shaping crypto policy. The company has engaged directly with US lawmakers, including Senator, Tim Scott, to discuss market structure legislation. 

Its role was further underscored in a July report from the President’s Working Group on Digital Asset Markets, which highlighted Chainlink as “critical infrastructure” supporting stablecoins, tokenised funds, and other blockchain-based assets.

Pyth Network, meanwhile, was selected specifically to act as a publisher of GDP data on-chain. By leveraging its aggregated data architecture, Pyth ensures fast, secure delivery of government statistics to multiple blockchains simultaneously. 

Together, Chainlink and Pyth are acting as bridges between public institutions and the decentralised ecosystem.

The feeds are powered by decentralised infrastructure already used to secure trillions of dollars in transaction value. Chainlink’s data products are ISO 27001 certified and SOC 2 Type 1 attested, meeting enterprise-grade security standards for financial institutions.

Transparency, tokenisation, and Trump administration’s crypto agenda

The integration of blockchain technology into economic data distribution reflects the Trump administration’s broader pro-crypto agenda. 

Commerce Secretary Lutnick, a strong advocate for blockchain adoption, has led the push to modernise federal data infrastructure. Earlier this year, he proposed revisions to GDP calculation methodologies, including excluding certain types of government spending.

“This is part of a larger vision to make US economic data accessible, verifiable, and future-proof. By anchoring statistics on the blockchain, we’re giving every citizen, institution, and developer a reliable source of truth”, Lutnick said during a press briefing. 

The White House has positioned blockchain as central to its economic modernisation plans. The Department of Government Efficiency (DOGE), which was led by billionaire entrepreneur, Elon Musk, has been tasked with exploring blockchain use cases across federal agencies. 

Among its priorities are reducing operational costs and improving public access to government systems.

Several agencies have already experimented with blockchain applications. The California DMV has trialled digital car titles, while Homeland Security has tested blockchain for identity verification and airport screening. 

Within the financial ecosystem, publishing GDP and inflation data on-chain is seen as a step towards bridging traditional finance and decentralised markets.

“This opens the door for prediction markets and tokenised assets that reflect real economic indicators. Developers can build entirely new classes of financial products tied directly to government-verified data”, explained a Chainlink spokesperson.

The rollout has also involved collaboration with major crypto exchanges, including Coinbase, Gemini, and Kraken. 

According to Bloomberg, the department used these platforms to purchase cryptocurrency needed to cover blockchain transaction fees. Coinbase announced separately that it is serving as an infrastructure partner for the initiative.

Trump’s support for crypto extends beyond government integration. His family has significantly expanded its blockchain-related ventures, ranging from Bitcoin mining operations to stablecoin issuance. 

In parallel, his administration recently signed the GENIUS Act, a landmark law establishing a federal framework for dollar-backed stablecoins, aimed at bolstering the dollar’s position as the global reserve currency.

By publishing economic data directly to public blockchains, the government is signalling its willingness to adopt decentralised technologies at the highest levels. 

For developers, financial institutions, and policymakers, the move represents a potential milestone in aligning public data transparency with financial innovation.