Pyth Network, a blockchain data oracle provider, is launching a platform for financial institutions to publish and monetize their market data across blockchain networks. The Pyth Data Marketplace will initially support datasets for spot foreign currency exchange markets (FX), precious metals, and crude oil swaps. Publishers will retain full control over the data they share.
Seven new institutional data providers, including Euronext, Exchange Data International, Fidelity Investments, OTC Markets Group, Singapore Exchange FX, and Tradeweb, will publish price feeds at launch.
This initiative democratizes access to financial data, traditionally controlled by a few providers charging high fees. Pyth's data pull model allows customers to pay for market data on demand, reducing costs compared to traditional push-based models. Michael James, head of institutional business development at Douro Labs, highlighted that this challenges the monopoly of traditional service providers in the $50 billion financial data industry.
Previously, in August 2025, the US Department of Commerce selected Pyth and Chainlink to publish economic data onchain, with Pyth initially focused on quarterly GDP data.