Bridging traditional finance with DeFi
How Finazon monetized its market data in partnership with Pyth Network
Finazon aimed to bridge the gap between traditional financial markets and the decentralized finance ecosystem by providing reliable, real-time data. Their goal was to ensure the DeFi space operates with the transparency, accuracy, and reliability expected in traditional finance, contributing to the maturation and growth of the DeFi ecosystem.
Finazon chose to partner with Pyth Network to meet the growing demand fro high-quality financial data within DeFi. By integrating their data with Pyth's real-time market data platform, Finazon has expanded its influence, ensuring that its data supports a wide array of decentralized finance protocols. This strategic move has enabled Finazon to play a pivotal role in driving greater transparency and efficiency in DeFi markets.
Finazon and Pyth are working together to bridge traditional finance and decentralized finance by connecting applications on the blockchain directly with high-quality market data. Applications get accurate, low-latency data, while Finazon generates incremental revenue from existing data in a fully compliant and secure manner. Finazon uses Pyth to capitalize on the growing trend of DeFi without having to pick individual winners.
Empowering DeFi with real-time data
By partnering with Pyth Network, Finazon has joined the world's leading financial institutions to shape digital economies and generate new revenue streams for its business.
This collaboration has not only reinforced Finazon's position as an innovator in financial data, but has also enabled them to gain exposure to a wide range of DeFi applications building the future of finance.
“Working with the Pyth Network team has been a highly productive and collaborative experience. Their dedication to building a robust and reliable data delivery network has allowed us to integrate seamlessly and effectively contribute to the network. This collaboration has not only enhanced the quality of data on Pyth but has also opened up new opportunities for Finazon, solidifying our position as a leader in the financial data space.” — Yury Sokolov, CEO
Expanding reach and unlocking new opportunities
Through its partnership with Pyth Network, Finazon has been able to monetize their data in new ways and establish strategic partnerships across the industry. The collaboration has resulted in:
Strategic alliances with leading DeFi platforms
New revenue opportunities through premium services
Increased visibility and credibility among institutional clients
Enhanced regulatory compliance and data integrity
Key takeaway
By partnering with Pyth Network, Finazon has expanded its reach into the decentralized finance (DeFi) space, meeting the rising demand for high-quality, real-time data.
This collaboration ensures that Finazon’s data is not only accessible to traditional financial institutions but also drives transparency and efficiency in DeFi, reinforcing Finazon’s role in advancing both traditional and decentralized markets.
