Portofino Technologies joins Pyth Network as a new data provider

Portofino Applied sciences, a crypto startup specializing in market making, token companies, and Web3 investments, has joined Pyth Community as a brand new information supplier group, in keeping with the information shared with Finbold on April 10.
Portofino Applied sciences brings a novel model of experience to the quickly increasing Pyth Community, providing proprietary information on cryptocurrencies, bolstering the Pyth digital asset worth feed protection, and aligning with its overarching mission of furnishing reliable, real-time entry to cost information for world blockchain builders.
What’s Portofino Applied sciences?
Based mostly in Switzerland, Portofino Applied sciences operates as a market maker with over 25 workers stationed in London and Zug.
The corporate stands out for its proprietary market-making know-how used to navigate centralized, decentralized, and over-the-counter digital asset markets.
Moreover, Portofino provides token companies and treasury administration to Web3 corporations.
Leo Lancia, Portofino Applied sciences CEO and Co-Founder, expressed enthusiasm in regards to the new partnership, stating:
“We’re excited to collaborate with Pyth Community, and the crew on its journey as a decentralized information supplier. We look ahead to leveraging our in-house proprietary market making know-how and expertise to contribute to the expansion of the Pyth ecosystem.”
– Leo Lancia, Portofino Applied sciences CEO and Co-Founder
Shane O’Callaghan, World Head of Enterprise Growth at Portofino Applied sciences, highlighted the importance of Pyth’s know-how within the realm of decentralized finance (DeFi):
“Pyth’s low-latency oracle and modern information know-how would be the basis and progress of DeFi. We’re extraordinarily excited to associate with the Pyth contributors and look ahead to enabling our proprietary know-how to assist contribute to the general Pyth ecosystem.”
– Shane O’Callaghan, World Head of Enterprise Growth at Portofino Applied sciences
The expansion of the Pyth Community
Pyth continues to make important strides within the blockchain trade, marking a sequence of notable achievements.
With its Whole Worth Secured (TVS) surpassing the $7 billion mark, Pyth solidifies its place as an trade chief.
The platform’s dominance extends throughout 50+ blockchains, exemplified by its commanding market share on every supported chain.
Including to its momentum, Pyth welcomes Portofino Applied sciences to its information supplier group.
Portofino Applied sciences brings with it a wealth of experience in market making, token companies, and Web3 investments, additional enhancing Pyth’s complete information protection.