Nasdaq brings proprietary market data onchain through Pyth
Nasdaq will use Pyth, an onchain financial data network, to distribute proprietary market data to blockchain apps and other software platforms. The initial offering is Nasdaq TotalView, a depth-of-book feed showing all displayed buy and sell orders across price levels plus auction imbalance data. Pyth says a single integration will give apps access to first-party market data for uses such as blockchain applications, digital asset exchanges, prediction markets, and trading systems. The deal adds Nasdaq to Pyth’s roster of data publishers, which already includes major exchanges, trading platforms, and government data sources. It also fits Nasdaq’s broader push into digital assets and tokenization, alongside efforts with Kraken and Backed, Bitcoin index options tied to the Nasdaq Bitcoin Index, and crypto index futures with CME Group. Other exchange operators, including ICE, have also been expanding into crypto and blockchain-based products.
