back05 Aug 20211 min read
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New Pyth Data Provider: Cumberland DRW

We are excited to announce that Cumberland DRW, a specialized crypto asset trading company, is joining the Pyth Network as we both look forward to advancing the infrastructure available to DeFi applications!

Who is Cumberland DRW?

  • Since 2014, Cumberland is a specialized crypto asset trading company within DRW
  • DRW is well-established and diversified principal trading firm that has 25+ years of experience in traditional markets
  • Cumberland DRW is one of the founders of the DeFi Alliance in 2020 that aims to bring DeFi to a billion users

Cumberland DRW will initially contribute its real-time crypto market data directly on-chain in a sub-second timescale.

"We’re removing the added latency and friction of a middleman. As a firm that has long championed broader transparency, security and fairness in the markets, this is a welcome new way to interact with global markets." – Chris Zuehlke, Partner at DRW and Global Head of Cumberland.

We look forward to further coordinating to establish a digital marketplace of institutional grade, high fidelity financial data to power dApps regardless of their blockchain base.

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