Tower Research Capital to Help Pricing Crypto Through Pyth Network

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NEW YORK–(COMMERCIAL THREAD) – Tower Research Capital (“TRC”), a leading quantitative trading company, today announced it has joined the Pyth Network (“Pyth”), a decentralized market data distribution platform financial. TRC will start by contributing real-time Bitcoin pricing to the Pyth network for consumption through smart contracts.

“We are excited to be part of the Pyth network which we hope has the potential to improve the way market data is used in the DeFi ecosystem. At Tower, we live by our entrepreneurial spirit and look forward to this challenge with Pyth, ”said Albert An, CEO of Tower Research Capital. TRC’s decision to join Pyth follows a similar move made by other industry leaders. Pyth is based on Solana, which is an open source, decentralized blockchain platform, and supports cross-chain accessibility.

“We are delighted to see Tower, another leading trading company with deep quantitative expertise, join us at Jump to help strengthen the Pyth network by publishing price data, as the DeFi ecosystem continues to expand, ”said Kanav Kariya, President of Jump. Crypto. “With over 30 engaged data providers and nearly 130 projects executed using the Oracle Pyth Stream, we’re excited about the momentum, but motivated by the work that remains to be done.”

About Tower Research Capital

Founded in 1998, Tower Research Capital is a quantitative trading and technology company that has built some of the fastest and most sophisticated electronic trading platforms in the world.

About the Pyth Network

The Pyth Network is a specialized Oracle solution for latency sensitive financial data that is typically kept behind the “walled gardens” of centralized institutions. The Pyth Network is focused on finding a new, inexpensive way to chain this unique data and securely aggregate it.

For more information on the Pyth network, please visit pyth.network.

About Pyth Data Association

The Pyth Data Association was created to support the Pyth Network, a specialized Oracle solution for latency-sensitive financial data that is typically kept behind the “walled gardens” of centralized institutions. The Pyth Data Association is overseen by a Board of Directors elected by members of the Pyth Network.


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