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Nasdaq will distribute its proprietary TotalView market data through Pyth, giving blockchain applications and software platforms access to one of its core equity market data products.
The move brings Nasdaq order book data into Pyth’s Data Marketplace as trading and blockchain applications seek machine-readable institutional market data.
Pyth Will Distribute TotalView Order Books
Pyth said Nasdaq has joined its Data Marketplace as a publisher. The marketplace will distribute Nasdaq TotalView, a data product that shows depth-of-book information for securities trading on Nasdaq.
That includes bid and ask interest at multiple price levels, rather than only the best displayed price. The feed also includes order imbalance data around Nasdaq’s Opening and Closing Crosses.
That gives traders and applications a view of buy and sell pressure before key auction events. Pyth said it is the first onchain network to distribute Nasdaq market data.
Software Apps Get Nasdaq Data Route
The integration is aimed at trading platforms, fintech products, digital asset exchanges and other applications that need market data in a software-ready format. Nasdaq data has traditionally reached users through terminals, vendor feeds and direct exchange connections.
The Pyth setup gives applications a distribution route built for software systems and blockchain infrastructure. The feed could be used by builders working on tokenized stocks, collateral systems, execution tools, prediction markets and other products that need equity data inside automated workflows.
Data Owners Keep Attribution Controls
Pyth said the marketplace lets data owners distribute proprietary datasets while keeping attribution and control over how the information is used.
That matters for exchange data, where licensing, distribution rights and usage controls are central to how information reaches clients.
The arrangement gives Nasdaq another distribution channel without changing what TotalView is or how Nasdaq equities trade.
Nasdaq Joins Institutional Pyth Publishers
Nasdaq joins a Pyth publisher group that already includes the U.S. Department of Commerce, Kalshi, Euronext, Exchange Data International, OTC Markets, SGX FX and Tradeweb. The addition gives Pyth a known equities data product as it works to build an institutional data layer for on-chain finance.
Pyth already supplies price feeds across crypto, equities, foreign exchange, commodities and other markets. The TotalView integration adds depth-of-book data, which is more useful for trading models, liquidity analysis and execution decisions than a simple price feed.
Deal Does Not Tokenize Nasdaq Stocks
The deal does not turn Nasdaq equities into tokens or move stock trading onto a blockchain. It changes where Nasdaq data can be consumed.
On-chain applications and modern trading systems can now access TotalView through Pyth’s distribution layer, rather than relying only on legacy market data channels.
Adoption will depend on whether developers and institutions use the feed inside trading, risk and tokenized-market products.
