The decentralized network Oracle Pytwork began publishing prices in real time, prices at the 85 most valuable shares listed in Hong Kong, giving builders and traders around the world direct access to one of the most significant capital markets in Asia.
Price feed comes directly from the institutional class places and updated every 400 milliseconds in over 100 blockchains, as the project said in the advertisement made available by Cointelegraph.
“Regardless of whether you are building commercial strategies, structural products, tokenized wallets, or simply you want to access real stock prices from the Asian financial gate, these opening channels, immediately and without permission in Hong Kong,” he said.
Price feeding includes total market capitalization of over USD 28.8 trillion in Hong Kong (about USD 3.7 trillion), including main players in banking, insurance, energy and Chinese technology companies.
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Pyth unlocks access in real time to Hong Kong shares
The launch unlocks access to live data in Hong Kong, which were previously closed behind high-priced terminals, regional licensing and delayed services such as Yahoo! Finance, said Pyth Network.
“From retail applications to institutional trading desks, this set of data offers builders input data needed to create new generation financial products”, the advertisement was read.
According to IT websitePyth Network currently has over 1,300 price channels covering a number of different asset classes, including American shares, goods and cryptocurrencies.
The price feed of the project is available on over 100 blockchain ecosystems, including on the main network for most virtual chains of Ethereum machinery, such as Ethereum, BNB Chain, Avalanche and others. They can also be used in offchain applications.
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Centrifuge brings onchain S&P 500
At the beginning of this month, Centrifuge has established cooperation with the S&P Dow Jones indexes to introduce the S&P 500 index for the first time. The cooperation introduces a fresh index proof infrastructure and enables programmable index tracking funds using official S&P data through clever contracts.
The initiative enables licensed asset managers to fully launch the S&P 500 index funds, maintaining institutional standards, while offering DEFI benefits, such as transparency and accessibility 24/7. Web3-Native Anemoy Capital will launch the first such fund, powered by a spin.
Last week, Wall Street Giants Gills Goldman Sachs and BNY announced plans to offer institutional investors access to toxled money market funds.
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