Portofino Technologies, a crypto startup specializing in market making, token services and Web3 investments, has joined Pyth Network as a new data provider community, according to information shared with Finbold on April 10.
Portofino Technologies brings a unique brand of expertise to the fast-growing Pyth Network, offering proprietary data on cryptocurrencies, strengthening the coverage of Pyth’s digital asset price feeds and aligning with the overarching mission of providing reliable, real-time access to price data for global blockchain developers.
What is Portofino Technologies?
Portofino Technologies is based in Switzerland and operates as a market maker with more than 25 employees in London and Zug.
The company is differentiated by its proprietary market-making technology used to navigate centralized, decentralized and over-the-counter digital asset markets.
In addition, Portofino provides token services and treasury management to Web3 companies.
Leo Lancia, CEO and co-founder of Portofino Technologies, expressed his excitement about the new partnership, saying:
“We are excited to partner with Pyth Network and the team on their journey as a decentralized data provider. We look forward to leveraging our internal market-making technology and experience to contribute to the growth of the Pyth ecosystem.”
– Leo Lancia, CEO and co-founder of Portofino Technologies
Shane O’Callaghan, Global Head of Business Development at Portofino Technologies, highlighted the importance of Pyth’s technology in the field of decentralized finance (DeFi):
“Pyth’s low-latency oracle and innovative data technology will form the foundation and growth of DeFi. We are extremely excited to work with the Pyth contributors and look forward to enabling our proprietary technology to contribute to the overall Pyth ecosystem.”
– Shane O’Callaghan, Global Head of Business Development at Portofino Technologies
The growth of the Pyth network
Pyth continues to make significant progress in the blockchain industry, marking a series of notable achievements.
With its Total Value Secured (TVS) surpassing the $7 billion mark, Pyth is solidifying its position as a market leader.
The platform’s dominance extends across more than 50 blockchains, illustrated by its impressive market share in every supported chain.
Adding to the momentum, Pyth welcomes Portofino Technologies to its data provider community.
Portofino Technologies brings a wealth of expertise in market development, token services and Web3 investments, further enhancing Pyth’s extensive data coverage.
