Decentralized oracle community Pyth Community has begun publishing real-time, onchain costs for 85 of essentially the most invaluable shares listed in Hong Kong, giving builders and merchants worldwide direct entry to one among Asia’s most vital fairness markets.
The worth feeds are sourced straight from institutional-grade venues and up to date each 400 milliseconds throughout greater than 100 blockchains, the mission mentioned in an announcement shared with Cointelegraph.
“Whether or not you’re constructing buying and selling methods, structured merchandise, tokenized portfolios, or just need entry to real-world inventory costs from Asia’s monetary gateway, these feeds convey Hong Kong’s fairness market onchain brazenly, immediately, and permissionlessly,” the announcement mentioned.
The worth feeds cowl a mixed market capitalization of over 28.8 trillion Hong Kong {dollars} (about $3.7 trillion), together with main gamers in banking, insurance coverage, power and Chinese language expertise corporations.
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Pyth unlocks real-time entry to Hong Kong shares
The launch unlocks entry to reside Hong Kong inventory information that was beforehand locked behind pricey terminals, regional licensing and delayed companies like Yahoo! Finance, Pyth Community mentioned.
“From retail-facing fintech apps to institutional buying and selling desks, this information set gives builders the inputs wanted to create next-generation monetary merchandise,” the announcement learn.
In line with its web site, Pyth Community presently has over 1,300 worth feeds overlaying plenty of totally different asset lessons, together with US equities, commodities and cryptocurrencies.
The mission’s worth feeds can be found on greater than 100 blockchain ecosystems, together with on the mainnet for many Ethereum Digital Machine chains like Ethereum, BNB Chain, Avalanche and others. They may also be utilized in offchain purposes.
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Centrifuge brings S&P 500 onchain
Earlier this month, Centrifuge partnered with S&P Dow Jones Indices to convey the S&P 500 Index onchain for the primary time. The collaboration introduces a brand new proof-of-index infrastructure and permits programmable index-tracking funds utilizing official S&P information by way of sensible contracts.
The initiative permits licensed asset managers to launch absolutely onchain S&P 500 index funds, sustaining institutional requirements whereas providing DeFi advantages like transparency and 24/7 accessibility. Web3-native Anemoy Capital will launch the primary such fund, powered by Centrifuge.
Final week, Wall Avenue giants Goldman Sachs and BNY introduced plans to supply institutional traders entry to tokenized cash market funds.
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