Pyth turns TradFi's lights out, brings stocks and oil to the 24/7 crypto party 🕯️

Pyth Network, a blockchain oracle and market data provider, has launched new pricing indexes for US stocks and commodities to support around-the-clock trading products across crypto exchanges. The company announced Wednesday that Coinbase, Kraken, dYdX and Nado are already using the indexes to power new trading markets.

The indexes are designed for perpetual futures, tokenized assets, prediction markets, derivatives settlement and exchange-traded product benchmarking, providing continuous reference prices even when traditional financial markets are closed. The initial lineup includes major US stocks such as Nvidia, Tesla, Apple, Circle and Strategy, as well as gold, silver, West Texas Intermediate (WTI) crude and Brent crude.

Pyth also partnered with MarketVector, an index provider owned by VanEck, to develop thematic equity index futures covering sectors and themes including artificial intelligence, defense, technology and China. The launch expands Pyth's push into institutional market data services. Earlier this year, the blockchain oracle provider introduced a platform that allows financial institutions to publish and monetize market data across blockchain networks.

The move addresses a core challenge for platforms offering tokenized stocks, commodities exposure and perpetual futures, which require reference prices even when primary markets in New York or London are closed. According to data from RWA.xyz, tokenized real-world asset markets, excluding stablecoins, have continued to expand across stocks, commodities and real estate.

Binance Research reported this week that the tokenized stocks sector grew 422% year over year, making it the fastest-growing segment of the RWA market. Tokenized precious metals also gained traction, with the market expanding 39% over the same period, much of that growth occurring earlier in the year.