Pyth Unveils Data Marketplace to Challenge Wall Street’s Grip on Market Feeds
Major financial players join, marking a shift away from closed, vendor-controlled data distribution models.
Platform challenges dominance of traditional data providers with on-demand access and broader global reach.
A new data marketplace from Pyth Network is aiming to disrupt how financial market data is distributed, giving institutions greater control over how their information is shared and monetised. The blockchain-based platform allows firms to publish proprietary datasets directly, bypassing traditional vendor-controlled systems.
Six major institutions, including Euronext, Exchange Data International, Fidelity Investments, OTC Markets Group, SGX FX and Tradeweb, are among the first to participate by publishing data onchain. Previously, their datasets were largely confined to closed platforms, limiting accessibility and increasing costs for users.
BREAKING: 6 of the world’s largest financial institutions join Pyth Network to distribute proprietary data onchain
Unlocking: Spot FX. Precious metals. Crude swaps. OTC pricing. Fixed income. Corporate actions. Reference data.
Introducing the Pyth Data Marketplace pic.twitter.com/15HwMJDHsR
— Pyth Network (@PythNetwork) April 9, 2026
Related: Grayscale Urges Quantum-Proof Blockchain Upgrades as Threat Nears Reality
A New Model for Pricing Data
The marketplace introduces support for datasets across foreign exchange, commodities and swaps markets, alongside broader financial instruments such as equities and derivatives. By distributing data directly, institutions retain ownership, attribution and control over pricing structures.
We’re working alongside some of the world’s largest financial institutions to rewrite that model and establish an open data economy, creating a modern market data solution built by and for institutions.
This model challenges the established structure of the US$50 billion (AU$72.5 billion) market data sector, where a small number of providers have historically held significant pricing power. Pyth’s pull-based access system enables users to request specific data when needed, offering a more flexible alternative to bundled services.
With over 120 contributing institutions and more than US$3 trillion (AU$4.35 trillion) in cumulative trading volume supported, Pyth has already built a significant data network. The addition of the Data Marketplace expands its capabilities by enabling direct access to institutional-grade datasets across more than 100 blockchains and hundreds of applications.
Related: Crypto Safe Harbor Proposal Moves Closer to Approval as SEC Signals Regulatory Shift
The post Pyth Unveils Data Marketplace to Challenge Wall Street’s Grip on Market Feeds appeared first on Crypto News Australia.
Filed under: Bitcoin - @ April 10, 2026 6:13 am