Today, Maven Securities announced that its Digital Assets business has joined the Pyth network, an innovative oracle solution built on decentralised blockchain technology, providing latency-sensitive financial data.
Maven will be publishing real-time prices for digital assets onto the oracle, and work towards establishing increasingly reliable and stable data. Pyth is a paramount piece of infrastructure in the crypto and DeFi ecosystem, helping to bridge financial market pricing that exists off-chain with smart applications that live on-chain. Maven will be joining the network’s community of nearly 60 data providers comprising the world’s top trading firms, exchanges, and crypto companies.
Cagdas Yalcin, Head of Digital Assets said of the announcement: “Maven is excited to be joining Pyth and the contribution it will bring to build a scalable, robust price oracle to financial markets and blockchain ecosystems”
About Maven Securities
Maven implements both fundamental and quantitative trading strategies & provides liquidity across global financial markets, from its various synergistic business units. Maven channels the advances in computer learning, processing power and network capacity into streamlining and improving all aspects of the trading operation.
For more information about Maven Securities, please visit mavensecurities.com
About the Pyth Network
The Pyth Network is a specialised oracle solution for latency-sensitive financial data that is typically kept behind the “walled gardens’’ of centralised institutions. The Pyth network is focused on finding a new and inexpensive way to bring this unique data on-chain and aggregating it securely.
For more information about the Pyth network, please visit pyth.network