Integral Is Bringing Banks' FX Data to the Blockchain in Partnership with Pyth Network
By: finance magnates|2025/05/08 03:00:04
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Pyth Network, a provider of decentralized data feeds,has partnered with Integral, an infrastructure provider for global currencymarkets, to enhance how data flows from institutional desks to open markets. The partnership will allow traditional financialinstitutions to publish price data to decentralized networks. Integral’s clients, which include major banks,brokers, and cross-border payment companies, can now become Pyth publishers, reportedlywith no additional setup. Integral hosts and transmits the data on their behalf,making it easier for firms to contribute high-quality information withoutoverhauling their systems. Bringing Institutional FX Pipelines On-Chain Integral serves as the underlying currencyinfrastructure for hundreds of institutions. Its technology stack alreadypowers FX operations for names like Mizuho, Raiffeisen Bank, and Pictet. The shift marks a step forward in the broaderevolution of market data. Where legacy models rely on gated access and steepcosts, decentralized systems like Pyth aim to flip the model: promotingtransparency, expanding symbol coverage, and offering real-time access at lowercosts. In the past, financial institutions often sat on largetroves of valuable market data, which remained siloed or was sold at premiumrates. With the Pyth–Integral model, those same firms can now take a moreactive role. They can contribute data feeds directly to Pyth’soracle network and participate in its reward mechanisms. Each new contributor adds to the accuracy, depth, andreliability of price feeds available to developers, traders, and decentralizedapplications worldwide. Expect ongoing updates as this story evolves. Pyth Network, a provider of decentralized data feeds,has partnered with Integral, an infrastructure provider for global currencymarkets, to enhance how data flows from institutional desks to open markets. The partnership will allow traditional financialinstitutions to publish price data to decentralized networks. Integral’s clients, which include major banks,brokers, and cross-border payment companies, can now become Pyth publishers, reportedlywith no additional setup. Integral hosts and transmits the data on their behalf,making it easier for firms to contribute high-quality information withoutoverhauling their systems. Bringing Institutional FX Pipelines On-Chain Integral serves as the underlying currencyinfrastructure for hundreds of institutions. Its technology stack alreadypowers FX operations for names like Mizuho, Raiffeisen Bank, and Pictet. The shift marks a step forward in the broaderevolution of market data. Where legacy models rely on gated access and steepcosts, decentralized systems like Pyth aim to flip the model: promotingtransparency, expanding symbol coverage, and offering real-time access at lowercosts. In the past, financial institutions often sat on largetroves of valuable market data, which remained siloed or was sold at premiumrates. With the Pyth–Integral model, those same firms can now take a moreactive role. They can contribute data feeds directly to Pyth’soracle network and participate in its reward mechanisms. Each new contributor adds to the accuracy, depth, andreliability of price feeds available to developers, traders, and decentralizedapplications worldwide. Expect ongoing updates as this story evolves.
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