Decentralized Oracle Network Pyth Network has started publishing real-time, Onchain prices for 85 of the most valuable shares in Hong Kong, giving builders and traders direct access to one of the most important stock markets in Asia.
The price feeds come directly from locations of institutional quality and every 400 milliseconds are updated in more than 100 block chains, the project said in an announcement shared with Cointelegraph.
“Whether you build trade strategies, structured products, tokenized portfolios or just want access to real stock prices from the financial gateway of Asia, these feeds bring the stock market of Hong Kong openly, direct and permission,” said the announcement.
The price feeds cover a combined market capitalization of more than 28.8 trillion Hong Kong dollars (about $ 3.7 trillion), including important players in bank, insurance, energy and Chinese technology companies.
The priceFeeds from Pyth Network. Source: Pyth Network -website
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Pyth unlocks real -time access to shares in Hong Kong
The launch unlocks access to Live Hong Kong sharing data that had previously been locked behind expensive terminals, regional licenses and delayed services such as Yahoo! Finance, Pyth Network said.
“From the fintech apps focused in the retail to institutional trade agencies, this data set offers builders the inputs needed to make financial products from the next generation,” was the announcement.
According to its website, PYTH Network currently has more than 1,300 price follows with a number of different asset classes, including US shares, raw materials and cryptocurrencies.
The price feeds of the project are available on more than 100 blockchain -ecosystems, including on the Mainstet for most Ethereum virtual engine chains such as Ethereum, BNB chain, Avalanche and others. They can also be used in Offchain applications.
The price feed from Pyth Network for Apple. Source: Pyth Network
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Centrifuge brings S&P 500 Onchain
Earlier this month, Centrifuge worked with S&P Dow Jones Indices to bring the S&P 500 Index Onchain for the first time. The collaboration introduces a new proof-in-index infrastructure and makes programmable index tracking funds possible with the help of official S&P data via smart contracts.
With the initiative, licensed asset managers can launch completely Onchain S&P 500 index funds by maintaining institutional standards and at the same time offer deficial benefits such as transparency and 24/7 accessibility. Web3-Native Anemoy Capital launches the first such fund, powered by Centrifuge.
Last week, Wall Street Giants Goldman Sachs and BNY announced plans to offer institutional investors access to tokenized money market funds.
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