IEX Cloud, the independent financial data delivery platform owned by IEX Group, Inc., announces that it has joined the Pyth network, a blockchain platform that will provide trusted and verifiable market data to a new generation of decentralized applications. This partnership will include IEX Cloud providing real-time market data derived from IEX Exchange to a node on the Pyth network.
The Pyth network is built on Solana, a blockchain platform proven to handle real-world transaction volumes, and the network is designed for the timely and reliable distribution of market data contributed by a diverse network of trusted data market participants and exchanges. The network is a cross-chain project working across other leading blockchains to provide effective, interoperable solutions across blockchain protocols.
“IEX Cloud’s mission is to improve access to trustworthy financial market data and so we’re excited to be part of such an ambitious project by providing real-time market data to the blockchain,” says Tim Baker, Head of IEX Cloud.
“The amount of innovation happening inside of financial services at this moment is pivotal. IEX is enthusiastic about being a part of the Pyth network and will continue to look for ways to transform how both institutions and individuals access our financial markets,” said Brad Katsuyama, CEO and Co-Founder of IEX Group.