Pyth Network Streams Live Hong Kong Stock Prices Onchain

Decentralized oracle network Pyth Network has begun publishing real-time, onchain prices for 85 of the most valuable stocks listed in Hong Kong, giving builders and traders worldwide direct access to one of Asia’s most important equity markets.

The price feeds are sourced directly from institutional-grade venues and updated every 400 milliseconds across more than 100 blockchains, the project said in an announcement shared with Cointelegraph.

“Whether you’re building trading strategies, structured products, tokenized portfolios, or simply want access to real-world stock prices from Asia’s financial gateway, these feeds bring Hong Kong’s equity market onchain openly, instantly, and permissionlessly,” the announcement said.

The price feeds cover a combined market capitalization of over 28.8 trillion Hong Kong dollars (about $3.7 trillion), including major players in banking, insurance, energy and Chinese technology companies.

Related: Crypto Biz: Hive’s Nasdaq moment, Citadel’s tokenization warning and Trump’s Bitcoin bull

Pyth unlocks real-time access to Hong Kong stocks

The launch unlocks access to live Hong Kong stock data that was previously locked behind costly terminals, regional licensing and delayed services like Yahoo! Finance, Pyth Network said.

“From retail-facing fintech apps to institutional trading desks, this data set offers builders the inputs needed to create next-generation financial products,” the announcement read.

According to its website, Pyth Network currently has over 1,300 price feeds covering a number of different asset classes, including US equities, commodities and cryptocurrencies.

The project’s price feeds are available on more than 100 blockchain ecosystems, including on the mainnet for most Ethereum Virtual Machine chains like Ethereum, BNB Chain, Avalanche and others. They can also be used in offchain applications.

Related: Avalanche gains $250M RWA boost with Grove, Janus Henderson funds

Centrifuge brings S&P 500 onchain

Earlier this month, Centrifuge partnered with S&P Dow Jones Indices to bring the S&P 500 Index onchain for the first time. The collaboration introduces a new proof-of-index infrastructure and enables programmable index-tracking funds using official S&P data via smart contracts.

The initiative allows licensed asset managers to launch fully onchain S&P 500 index funds, maintaining institutional standards while offering DeFi benefits like transparency and 24/7 accessibility. Web3-native Anemoy Capital will launch 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.

Magazine: Tokenizing music royalties as NFTs could help the next Taylor Swift