Nasdaq brings Wall Street order book data to blockchain through Pyth
Nasdaq has expanded its blockchain strategy by making its TotalView order book data available to blockchain applications through the Pyth Network.
- Nasdaq has started distributing its TotalView order book data to blockchain applications through the Pyth Network.
- The integration gives developers access to first-party market data for trading platforms, exchanges, and prediction markets.
- The partnership adds to Nasdaq’s growing crypto strategy alongside tokenization, derivatives, and digital asset market initiatives.
According to Pyth, the collaboration gives blockchain applications and software platforms access to Nasdaq’s proprietary market data through a single integration, starting with the exchange’s TotalView feed.
The company said the service is designed for blockchain applications, digital asset exchanges, prediction markets, trading systems, and other software platforms that require direct access to institutional-grade market information.
Nasdaq TotalView provides full depth-of-book data by displaying every visible buy and sell order across all price levels, along with order imbalance information published around the opening and closing auctions. The feed is widely used by professional traders because it offers a detailed view of market liquidity beyond standard market quotes by exposing the complete order book.
What market data is becoming available onchain?
With Nasdaq joining the network, Pyth has added another traditional financial data publisher to its marketplace. According to Pyth, developers can now access first-party market data from multiple providers through a single connection instead of integrating each source separately.
Nasdaq joins several organizations already distributing data through Pyth, including Euronext, OTC Markets, Tradeweb, Kalshi, Exchange Data International, Singapore Exchange’s SGX FX, and the U.S. Department of Commerce.
The announcement adds another step to Nasdaq’s ongoing involvement in digital assets. Earlier this year, the exchange partnered with crypto exchange Kraken and tokenization infrastructure provider Backed to develop infrastructure connecting traditional equities with blockchain networks, continuing its work around tokenized financial assets.
Regulatory progress has also supported Nasdaq’s crypto product lineup. In April, the U.S. Securities and Exchange Commission approved Nasdaq’s proposal to list Bitcoin index options linked to the Nasdaq Bitcoin Index, although trading still requires approval from the Commodity Futures Trading Commission.
Nasdaq also partnered with CME Group to introduce cryptocurrency index futures tracking seven digital assets, including Bitcoin, Ether, Solana, and XRP.
How are traditional exchanges expanding into crypto?
Other exchange operators have also continued building products that combine traditional finance with digital assets. In May, Intercontinental Exchange, the parent company of the New York Stock Exchange, partnered with crypto exchange OKX to introduce perpetual futures tied to its Brent crude and West Texas Intermediate oil benchmarks. According to the companies, the contracts were the first products announced under their broader partnership.
Later, ICE Chief Executive Officer Jeffrey Sprecher urged regulators to allow traditional exchanges to offer 24/7 onchain perpetual futures, arguing that regulated venues should be permitted to compete with crypto-native platforms already providing similar products.
Nasdaq has also remained active across other digital asset initiatives. As previously reported by crypto.news, Celsius-linked Ionic Digital recently applied for a direct listing on the Nasdaq Global Select Market under the ticker IOND.
According to the company’s SEC filing, existing registered shareholders may sell up to 10.8 million shares once the registration statement becomes effective, while Ionic will not receive any proceeds. The filing also showed the company is expanding beyond Bitcoin mining into high-performance computing and AI data center infrastructure.
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