The oracle service Pyth has announced the launch of the Pyth Data Marketplace, with support from six financial institutions: Euronext, Exchange Data International, Fidelity Investments, OTC Markets Group, SGX’s FX data business, and Tradeweb. These institutions will act as data providers, distributing proprietary data such as macroeconomic indicators, over-the-counter pricing, and foreign exchange benchmarks, while retaining ownership, pricing control, and attribution rights.
Pyth Launches Data Marketplace with Support from Six Financial Institutions
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Summary
Pyth has launched the Pyth Data Marketplace, supported by six financial institutions including Euronext, Fidelity Investments, and Tradeweb. These firms will publish macroeconomic indicators, OTC pricing, and inflation data while retaining ownership and pricing control. The platform aims to deliver real-time, high-quality data to DeFi and Web3 applications. Increasing incidents of exchange hacks have heightened demand for secure and reliable data feeds.
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