Nasdaq Basic is headed through Pyth 🔥
$ONDO has brought tokenized U.S. stocks into the crypto conversation. $PYTH now has a different role in that market: Pyth has been approved to distribute Nasdaq Basic through its Data Marketplace.
Nasdaq Basic carries live bids, offers and trades for U.S. equities, along with official opening and closing prices. Those reference prices caught my eye.
They are used to value positions at the start and end of the trading day.
There is a licensing process behind the headline.
Clients contract directly with Nasdaq and need written approval before receiving the feed through Pyth. Nasdaq controls access to its data; Pyth gives it another route into financial software and blockchain-native applications.
I’d call the approval a meaningful distribution win.
I want to see which clients choose Pyth as their Nasdaq Basic provider next. That will show us how much demand this new route attracts.
#Altcoin Season#
$ONDO has brought tokenized U.S. stocks into the crypto conversation. $PYTH now has a different role in that market: Pyth has been approved to distribute Nasdaq Basic through its Data Marketplace.
Nasdaq Basic carries live bids, offers and trades for U.S. equities, along with official opening and closing prices. Those reference prices caught my eye.
They are used to value positions at the start and end of the trading day.
There is a licensing process behind the headline.
Clients contract directly with Nasdaq and need written approval before receiving the feed through Pyth. Nasdaq controls access to its data; Pyth gives it another route into financial software and blockchain-native applications.
I’d call the approval a meaningful distribution win.
I want to see which clients choose Pyth as their Nasdaq Basic provider next. That will show us how much demand this new route attracts.
#Altcoin Season#
