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In a groundbreaking move for decentralized finance (DeFi), Laser Digital, the digital asset subsidiary of Nomura, has forged a strategic partnership with Pyth Network, emerging as a data provider.

This alliance marks a significant milestone in reshaping how financial market data is accessed and utilized within the decentralized ecosystem.

Established in April 2021, Pyth Network has emerged as a leading oracle network, aggregating real-time data from over 90 first-party providers across both traditional and crypto markets.

With contributors ranging from top trading firms to global exchanges, Pyth Network provides critical price feeds for various asset classes, including cryptocurrencies, equities, foreign exchange pairs, ETFs, and commodities, across more than 50 blockchains.

Laser Digital’s integration into Pyth Network marks a pivotal moment, injecting expertise from the traditional finance world into the DeFi space.

Laser Digital’s contribution to Pyth Network underscores its commitment to providing accurate and reliable financial market data to drive innovation in decentralized applications.

Initially focusing on delivering crypto pricing data, Laser Digital aims to enrich Pyth Network’s offerings, aligning with the growing demand for low-latency, high-frequency on-chain data in the DeFi landscape.

As a digital asset business backed by Nomura, Laser Digital seeks to redefine digital finance by delivering scalable and robust opportunities across trading, asset management, and ventures.

With a focus on high-risk management standards, compliance, and commercial viability, Laser Digital brings a wealth of experience to the Pyth ecosystem.

Jez Mohideen, CEO of Laser Digital, expresses excitement about supporting Pyth Network as a decentralized data provider, emphasizing the company’s dedication to contributing to the growth of the DeFi space.

The collaboration between Laser Digital and Pyth Network represents a convergence of traditional finance and decentralized finance, bridging expertise from both domains to enhance the accessibility and reliability of financial market data.

With Pyth Network’s expanding ecosystem and Laser Digital’s commitment to innovation, the partnership sets the stage for further advancements in DeFi, unlocking new possibilities for market participants worldwide.

The post Nomura's Laser Digital partners with Pyth Network for DeFi data integration appeared first on Invezz

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