The exchange operator is preparing to launch its TotalView data feed on Pyth’s marketplace, as financial institutions increasingly shift toward building applications on blockchain-based systems.

Nasdaq is extending its market data distribution into blockchain networks by making one of its flagship equity products available through the Pyth Network. The move reflects a broader transition as trading and settlement infrastructure migrates to blockchain rails.

On Tuesday, Nasdaq said it will make its TotalView data accessible via the Pyth Data Marketplace, a platform that supplies institutional-quality datasets to blockchain networks, financial platforms, and developers. This step broadens access to one of Nasdaq’s core data offerings through a programmable interface, reducing reliance on traditional delivery channels.

TotalView delivers complete depth-of-book transparency, displaying buy and sell orders at every price level for securities traded on Nasdaq, including stocks listed on Nasdaq, NYSE, and regional exchanges. It also features Nasdaq’s Net Order Imbalance Indicator, which provides real-time visibility into order imbalances ahead of opening and closing auctions.

The partnership enables Nasdaq to expand how its data reaches users as financial infrastructure shifts from legacy trading terminals and dedicated feeds toward cloud-native platforms and blockchain-powered applications.

The move also reflects a wider effort by traditional financial institutions to align market infrastructure with tokenized assets and onchain financial services. Nasdaq joins a growing list of contributors to the Pyth Data Marketplace, including Tradeweb, SGX, OTC Markets, Kalshi, and the U.S. Department of Commerce.

According to Pyth, both developers and institutional participants will be able to use TotalView data to assess market depth, refine trade execution, and build quantitative trading strategies.