DeFi can now reach its full potential with institutional trust.
LONDON, April 16, 2025 (Bitwire) -– Pyth Network ("Pyth"), the universal price layer powering the next generation of finance, today announced its partnership with Sygnum Bank, a global digital asset banking group and leader in institutional finance.
By joining the Pyth ecosystem as a trusted partner, Sygnum brings its world-class price data and technological capabilities to DeFi to create a replacement for the legacy data sources and unsustainable cost of market data in the finance industry.
“We have to change the narrative when it comes to DeFi replacing or competing with TradFi. The reality is that on-chain infrastructure is here to revolutionize our current financial system—enabling a new global financial market that’s fair, open, and accessible to all,” said Mike Cahill, CEO and co-founder of Douro Labs, the blockchain infrastructure company contributing to Pyth Network. “The best innovations don’t reject existing systems; they upgrade them with better infrastructure, more efficient liquidity flows, and enhanced transparency. That’s why DeFi’s biggest challenge is earning the confidence of the institutions it seeks to work alongside. Pyth Network’s partnership with Sygnum signals a fundamental step forward in building the financial system we all deserve. Together, we’re solidifying what the future of finance can look like.”
Sygnum is the world’s first digital asset bank. Their reputation for combining cutting-edge technology with institutional-grade trust has made them a standout name in global finance. Additionally, with its banking license in Switzerland and regulated operations in Singapore, Luxembourg, and Abu Dhabi, Sygnum acts as a trusted gateway for institutions and professional investors to break new ground in the digital asset economy.
Sygnum brings its top-tier technological capabilities and price data to on-chain finance, enhancing DeFi’s infrastructure with the same level of trust and precision that has been at the foundation of their reputation since founding. Additionally, this partnership will expand Sygnum’s active contributions to the DeFi ecosystem while simultaneously redefining what’s possible for DeFi.
“Sygnum is pleased to partner with Pyth and contribute its bank-grade data to their price layer,” said Martin Burgherr, Sygnum Chief Clients Officer. “Pyth delivers real-time, reliable data that drives mission critical systems and accelerates the integration of the traditional finance and digital asset economies. This partnership aligns perfectly with our commitment to innovation and our mission to enable everyone, everywhere to own digital assets with complete trust.”
Traditional finance is no longer observing DeFi from the sidelines, but rather, it’s becoming an active participant. With institutions like Sygnum joining the Pyth ecosystem, developers now have access to unparalleled data from a network of over 1,000 real-time feeds spanning digital and traditional assets.
To learn more about Pyth Network, visit pyth.network and follow on X and LinkedIn. To learn more about Sygnum bank, visit sygnum.com.
About Pyth Network
Pyth Network is the universal price layer for the global financial system, bringing the price of everything on-chain. With over 1,000 price feeds and seamless integration across over 100 blockchain ecosystems, Pyth empowers developers to build decentralized applications with the speed, accuracy, and reliability of high-performance markets—providing sub-second, real-time data for digital assets, FX, ETFs, equities, and commodities.Supported by leading financial institutions—including Cboe, Revolut, Coinbase, Jane Street, Amina Bank, Two Sigma, and Virtu Financial—Pyth enables data providers to securely monetize their proprietary data while shaping the future of DeFi. By decentralizing access to high-fidelity price information, Pyth is breaking down financial barriers and ensuring that transparent, real-time pricing is available to everyone. With over $1 trillion in total transaction volume, Pyth is the foundation of a new, global financial system built on open-access data, fairness, and efficiency.
To learn more, please visit: https://www.pyth.network/.
About Sygnum Bank
Sygnum is a global digital asset group, founded on Swiss and Singapore heritage. We empower professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. Our team enables this through our institutional-grade security, expert personal service and portfolio of regulated digital asset banking, asset management, tokenisation and B2B services.
