New Pyth Data Provider: Galaxy Digital
We are excited to have Galaxy Digital Holdings Ltd., a pre-eminent global provider of digital assets and cryptocurrency financial services for institutions, joining the Pyth network in order to drive the institutionalization of DeFi!
Who is Galaxy Digital?
- Galaxy Digital Holdings Ltd. is a diversified financial services and investment management company in the digital asset, cryptocurrency, and blockchain technology sectors
- Galaxy Digital (TSX: GLXY) is a publicly-traded company on the Toronto Stock Exchange
- In June 2021, Galaxy announced that it is serving as a liquidity provider for Goldman Sachs’ Bitcoin futures block trades on the CME Group, as Goldman expands its cryptocurrency offering
Proven Track Record:
- As of July 31, 2021, Galaxy Digital Asset Management reported a preliminary AUM that surpassed $1.6 billion
- In partnership with Alerian and S-Network Global Indexes, Galaxy has recently launched 8 blockchain indexes for passive investors to access the emerging digital-assets ecosystem. Constituents include Facebook, Alphabet, Microsoft, Mastercard, Square, and Coinbase
Galaxy Digital will initially contribute its real-time crypto market data to the Pyth network. Mike Novogratz, CEO and Chairman of Galaxy Digital, said: “Pyth is a prime example of this as it fulfills the need for highly credible, transparent market data that we view will be a huge cornerstone of our future financial system. We are pleased to provide our market data and technological infrastructure to support strong projects like Pyth that present compelling fundamentals to advance the crypto economy and the future of finance.” James Roth, Business Development at Galaxy Digital, added: “As one of the fastest-growing sectors in crypto, we are bullish on DeFi and energized by the various use cases that have taken hold in the marketplace like Pyth to standardize trusted financial market data across the board and make it more accessible and transparent. We are excited to be a part of such a stimulating project and group of bold innovators as we continue to find ways to support builders and better our financial ecosystem through blockchain technology.”
We look forward to further coordinating with amazing partners to establish a digital marketplace of institutional grade, high fidelity financial data to power any financial dApps regardless of their blockchain base and offer the best data to the world.
Galaxy Digital Website: https://www.galaxydigital.io/
Pyth Network: https://pyth.network/
