Nasdaq is broadening the distribution of its market data by integrating it into blockchain technology, making one of its primary equity data offerings accessible through the Pyth Network as financial institutions continue to develop trading and settlement solutions on blockchain platforms. The exchange operator announced on Tuesday that it will publish its TotalView market data through the Pyth Data Marketplace, a platform designed to deliver institutional datasets to blockchain networks, financial applications, and software developers. This initiative provides a wider array of users with access to one of Nasdaq’s essential market data products through a programmable interface instead of conventional market data delivery methods. TotalView offers comprehensive depth-of-book data, displaying buy and sell orders at each price point for securities traded on Nasdaq, which includes stocks listed on Nasdaq, NYSE, and regional exchanges. The product also features Nasdaq’s Net Order Imbalance Indicator, which gives a real-time perspective on buy and sell discrepancies prior to the opening and closing auctions. For Nasdaq, this collaboration enhances the ways in which its market data is delivered to clients as financial infrastructure transitions away from trading terminals and dedicated market data feeds toward cloud-based software and blockchain-driven applications. This announcement signifies a larger movement among traditional financial institutions to align market infrastructure with tokenized assets and on-chain financial services. Nasdaq is joining a growing list of entities distributing data through the Pyth Data Marketplace, which includes Tradeweb, SGX, OTC Markets, Kalshi, and the U.S. Department of Commerce. According to Pyth, developers and institutional users will have the capability to utilize TotalView data for market depth analysis, optimizing trade execution, and creating quantitative trading models.