Pyth Network launches 24/7 pricing indices for equities and commodities
Major crypto platforms including Coinbase, Kraken and dYdX integrate Pyth's new indices, enabling round-the-clock price feeds for US equities, gold and crude oil.
Blockchain oracle and market data provider Pyth Network has introduced new pricing indices for commodities and US equities, a development designed to facilitate 24-hour trading products on cryptocurrency exchanges worldwide.
The firm revealed on Wednesday that major platforms including Coinbase, Kraken, dYdX and Nado have already integrated the indices to enable new trading markets on their platforms.
Based on Pyth's announcement, these indices serve perpetual futures, tokenized assets, prediction markets, derivatives settlement and exchange-traded product benchmarking purposes, delivering uninterrupted reference prices during periods when conventional financial markets remain closed.
The first wave of offerings encompasses prominent US equities including Nvidia, Tesla, Apple, Circle and Strategy, alongside commodities such as gold, silver, West Texas Intermediate (WTI) crude and Brent crude.
In a strategic partnership, Pyth has joined forces with MarketVector, an index provider owned by VanEck, to create thematic equity index futures spanning various sectors and themes including artificial intelligence, defense, technology and China.
This product launch marks an expansion of Pyth's initiative into institutional-grade market data services. Previously this year, the blockchain oracle provider unveiled a platform enabling financial institutions to publish and monetize market data across blockchain networks.
Continuous pricing could become critical infrastructure for tokenized assets
This development signals a wider industry movement toward continuous trading of real-world assets utilizing blockchain infrastructure. Trading platforms offering tokenized stocks, commodities exposure and perpetual futures need reliable reference prices during periods when traditional exchanges in New York or London have closed for the day.
This creates a significant challenge for financial products that track assets such as Nvidia shares or Brent crude, given that their primary markets function on predetermined schedules, generating substantial demand for continuous pricing infrastructure solutions.
This development arrives as tokenized real-world asset (RWA) markets maintain their expansion trajectory, with tokenized stocks and commodities leading the charge. According to a report published by Binance Research this week, the tokenized stocks sector experienced a remarkable 422% year over year growth, establishing it as the fastest-expanding segment within the RWA market.
The tokenized precious metals sector has similarly attracted considerable attention, with the market registering 39% growth during the same timeframe, with a substantial portion of that expansion taking place in the earlier months of the year.
