Laser Digital, the digital asset subsidiary of Nomura, has announced its role as a data provider to Pyth Network, marking a significant step in its efforts to enhance the accessibility and use of financial market data within the decentralized finance (DeFi) sphere.
Since its inception in April 2021, Pyth Network has emerged as a leading oracle network by aggregating data from over 90 primary sources across both traditional and crypto markets. This network comprises top-tier trading entities, market makers, and exchanges worldwide. The inclusion of Laser Digital introduces traditional banking insights and expertise to the DeFi domain.
Initially, Laser Digital will supply cryptocurrency pricing data to Pyth Network, which currently offers more than 400 price feeds spanning digital and traditional assets, such as equities, foreign exchange, and commodities. This partnership is in line with the industry’s move towards high-capacity DeFi solutions and the demand for accurate, immediate on-chain data.
This collaboration reflects Laser Digital’s commitment to fostering an open and agile environment that complements Pyth Network’s goals.
“We are excited to support Pyth Network in its journey as a decentralized data provider. We look forward to leveraging our expertise and experience to contribute to the growth of the Pyth ecosystem”, commented Jez Mohideen, CEO of Laser Digital.
As Pyth Network expands, Laser Digital is dedicated to providing the necessary tools and insights for leveraging decentralized finance’s capabilities fully. Positioned at the intersection of digital finance innovation, Laser Digital leverages Nomura’s backing to offer scalable and secure opportunities in trading, asset management, and ventures.
“The Pyth Network ecosystem has data contributors from all corners of traditional markets and crypto markets, including the top trading firms and exchanges globally. It is really fantastic to see Laser Digital join this community to help bring in perspective and expertise from the existing finance world,” Marc Tillement of the Pyth Data Association said.
The team prioritizes risk management, compliance, and market responsiveness, advocating for responsible digital asset engagement. Laser Digital’s adaptable culture enables rapid market response and knowledge sharing, enhancing institutional confidence in digital markets.
“We are thrilled to see Laser Digital join the Pyth Network. This is a fantastic step forward in building the leading financial market data oracle for web3,” commented Mike Cahill, CEO of Douro Labs, a contributor to the Pyth ecosystem.
Pyth Network stands as the foremost first-party oracle network, delivering on-chain financial market data for decentralized applications across more than 50 blockchains. It supports a broad array of asset classes with real-time price information from over 90 direct data contributors.
