Pyth Network will put Hong Kong stock price data on-chain for global access.

CN
1 day ago

The decentralized oracle network Pyth Network has begun to publish real-time on-chain prices for 85 of the most valuable stocks listed in Hong Kong, providing global developers and traders with direct access to this important Asian stock market.

Pyth Network noted in an announcement shared with Cointelegraph that this price data is sourced directly from institutional-grade platforms and is updated every 400 milliseconds across more than 100 blockchains.

"Whether you are building trading strategies, structured products, tokenized portfolios, or simply need real-world stock price data from the Asian financial hub, this data source brings the Hong Kong stock market on-chain in a public, instant, and permissionless manner," the announcement stated.

This price data covers stocks with a total market capitalization of over HKD 28.8 trillion (approximately USD 3.7 trillion), including major companies in banking, insurance, energy, and Chinese technology.

Pyth Network stated that this release unlocks access to real-time stock data from Hong Kong, which was previously locked behind expensive terminals, regional licenses, and delayed services like Yahoo! Finance.

"This dataset provides developers with the foundational data inputs needed to create the next generation of financial products, from retail-facing fintech applications to institutional trading platforms," the announcement said.

According to its website, Pyth Network currently has over 1,300 price data sources covering multiple asset classes, including U.S. stocks, commodities, and cryptocurrencies.

The project's price data sources are available across more than 100 blockchain ecosystems, including the mainnets of most Ethereum Virtual Machine chains, such as Ethereum, BNB Chain, Avalanche, and more. This data can also be applied to off-chain applications.

Earlier this month, Centrifuge partnered with S&P Dow Jones Indices to bring the S&P 500 index to the blockchain for the first time. This collaboration introduced a new index proof infrastructure and enabled programmable index tracking funds using official S&P data through smart contracts.

This initiative allows licensed asset management companies to launch fully on-chain S&P 500 index funds, providing DeFi advantages such as transparency and 24/7 accessibility while maintaining institutional standards. Web3 native company Anemoy Capital will launch the first such fund supported by Centrifuge.

Last week, Wall Street giants Goldman Sachs and New York Bank announced plans to provide institutional investors with access to tokenized money market funds.

Related: Reports indicate that Kraken is seeking $500 million in funding at a $15 billion valuation, with rumors of an IPO in 2026.

Original article: “Pyth Network Brings Live Hong Kong Stock Prices On-Chain for Global Access”

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