Pyth, a leading decentralized data infrastructure provider, has partnered with fintech giant Revolut to integrate digital banking data into decentralized finance (DeFi). The collaboration marks a significant step toward uniting traditional finance (TradFi) with Web3 technologies, signaling broader adoption of DeFi principles.
Under the partnership, Revolut will publish its proprietary digital asset price data on Pyth Price Feeds, providing DeFi developers with access to real-time “quote and trade data.” In return, Revolut will leverage Pyth’s secure infrastructure to bolster the functionality of its decentralized applications (DApps). This initiative highlights the growing symbiosis between TradFi and DeFi, paving the way for a global financial ecosystem.
Mike Cahill, CEO of Douro Labs and core contributor to the Pyth network, expressed optimism about this collaboration in an exclusive interview with Cointelegraph. “This partnership proves that the lines between traditional finance and Web3 are disappearing once and for all,” said Cahill.
Pyth’s Price Feeds already offer over 500 real-time data streams covering digital assets, foreign exchange, equities, and commodities. These feeds play a pivotal role in supporting DeFi platforms, which handled over $1 trillion in total trading volume in 2024, as reported by Pyth. By integrating Revolut’s data, Pyth aims to enhance the reliability and transparency of its decentralized ecosystem.
Revolut, expanding its crypto services via the Revolut X platform, described the partnership as a “natural progression.” The move aligns with Revolut’s commitment to staying at the forefront of financial innovation across the European Economic Area.
This announcement comes as Pyth continues to make waves in the blockchain space. On November 5, 2024, asset manager VanEck introduced the VanEck Pyth ETN in Europe, offering investors access to a financial product fully collateralized with PYTH tokens. Available in 15 EU countries, the ETN underscores Pyth’s growing credibility in decentralized finance.
With this partnership, Pyth and Revolut are not just bridging two financial worlds—they are redefining how data and technology shape the future of finance.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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