Pyth Network has announced a partnership with Sygnum Bank to bring top-notch technical capabilities and price data to on-chain finance

On April 16, according to official news, Pyth Network, a decentralized oracle solution, announced a partnership with digital asset bank Sygnum Bank, which will join the Pyth ecosystem as a trusted partner to bring its world-class price data and technology capabilities to DeFi and empower the next generation of dApps.

This partnership marks the recognition and adoption of Pyth by the world’s most trusted financial institutions, and as Sygnum contributes its bank-grade data to the Pyth price layer, the partnership will accelerate the convergence of traditional finance and the digital asset economy to build the future of finance.

It is reported that as the world’s first digital asset bank, Sygnum has a Swiss banking license and a Singapore asset management license, and is a trusted digital asset portal for institutional and professional investors. As a global price tier, Pyth Network has supported 100+ blockchains and provides 1000+ real-time price data feeds, and more than 520 applications use Pyth.