Laser Digital, a subsidiary of Nomura focused on digital assets, has announced its collaboration with Pyth Network as a data provider, marking a significant step towards integrating traditional financial expertise into the decentralized finance (DeFi) sector.
Pyth Network, established in April 2021, has become a leading oracle network in the DeFi space, aggregating data from over 90 primary sources across both the crypto and traditional asset markets, including major trading firms, market makers, and exchanges worldwide.
This partnership sees Laser Digital providing crypto pricing data to Pyth Network, which boasts over 400 price feeds spanning digital and traditional assets such as stocks, foreign exchange, and commodities. This move is in line with the growing demand for reliable, low-latency data in the DeFi sector and the overall trajectory of blockchain technology towards supporting high-frequency, high-throughput applications.
Mike Cahill, CEO of Douro Labs and a contributor to the Pyth ecosystem, expressed enthusiasm about the partnership: “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.”
Laser Digital’s CEO, Jez Mohideen, also shared his optimism, stating, “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.”
Marc Tillement of the Pyth Data Association highlighted the diverse origins of Pyth’s data contributors, which span the traditional and crypto markets. He emphasized the value of Laser Digital’s participation: “It is really fantastic to see Laser Digital join this community to help bring in perspective and expertise from the existing finance world.”
Laser Digital is positioned as a redefiner of digital finance, leveraging Nomura’s backing to explore trading, asset management, and venture opportunities within the digital asset sphere.
The company emphasizes a responsible approach to digital asset engagement, combining high standards of risk management and compliance with a culture of adaptability and learning.
Pyth Network, in contrast, focuses on delivering real-time financial data through a vast network of data providers to support decentralized applications across over 50 blockchains, establishing itself as a key infrastructure component in the DeFi ecosystem.
