Cryptocurrency News

SCRYPT Digital Joins Pyth Network to Provide Institutional Quality Crypto Data

SCRYPT Digital Joins Pyth Network to Provide Institutional Quality Crypto Data

SCRYPT Digital, a leading crypto-native Swiss-regulated institutional liquidity provider, announced that it has joined the Pyth Network. Pyth is a next-generation oracle platform designed to provide trusted and verifiable market data to decentralized applications at sub-second frequency. This partnership will include SCRYPT Digital providing real-time institutional crypto market data to the Pyth network.

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SCRYPT Digital is pleased to join Pyth and contribute to the growth of the DeFi ecosystem by providing robust, trustworthy, and institutional grade real-time price data. Our partnership with Pyth to bring valuable financial market data to DeFi applications and users aligns with our mission of acting as a trusted partner and providing customers with a safe and simple environment to access the Digital Asset space.

Pyth network has proven itself to be a leading oracle solution for accurate and verifiable financial data across asset classes, at industry low latency. They have achieved this via a network of almost 70 first party data providers which publish data directly to the network, which is then aggregated on-chain and made available for both on-chain and off-chain users of data.

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Norman Wooding, founder, and CEO of SCRYPT Digital said “Institutional adoption of Digital Assets is well underway, and the same interest is now being geared towards DeFi. This partnership demonstrates the strength of SCRYPT Digital’s institutional offering and resolve in bridging the gap between ‘TradFi’ and ‘DeFi’, with the further advancement of critical DeFi infrastructure having the potential to unlock greater efficiency and transparency in financial systems. Recognising the value of technology as a catalyst for more efficient and transparent financial markets, we see this integration as a strategic fit, and as innovators supporting innovators, jointly pushing boundaries and addressing inefficiencies in the Digital Asset industry.”

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