Blockchain data now accessible in real-time through SQD Network's new offering, Oceanstream.
In a significant move, SQD Network has unveiled Oceanstream, a real-time data delivery solution designed specifically for institutional investors navigating the rapidly evolving tokenized asset market. The launch of Oceanstream coincides with the migration of traditional financial instruments to blockchain-based formats, making real-time, accurate blockchain data a non-negotiable requirement for large-scale financial players.
According to industry analysts, the tokenized asset market could expand to $30 trillion within the next five to seven years. This growth trajectory underscores the need for a platform like Oceanstream that can deliver real-time data from over 200 blockchains.
Howie Altman, who has recently been onboarded as head of institutional strategy at SQD Network, characterizes the current financial era as one of the most profound transformations in the past fifty years. He indicates that Oceanstream was engineered to meet the evolving needs of this new landscape.
Oceanstream's architecture is aimed at supporting professional-grade decision-making by offering consistent, first-party data feeds from a broad range of blockchain networks. The platform's infrastructure is well-prepared to become a leader in the field of digital asset data, as Altman describes.
The platform positions itself as a key infrastructure component for hedge funds, asset managers, and other professional financial entities operating within the digital asset space. SQD Network's platform Oceanstream features a multi-stage data processing pipeline, dividing the data lifecycle into extraction, transformation, and storage phases for enhanced control, flexibility, and scalability.
David Attermann, who has joined SQD Network as executive director, emphasizes that Oceanstream was designed with future-oriented data infrastructure in mind, considering trends like AI-native, serverless, and programmable systems. Attermann further emphasizes that Oceanstream's design supports faster and more cost-effective access to on-chain data.
The acquisition of Neon by Databricks indicates a shift towards AI-native, serverless, and programmable systems, which Oceanstream is designed to meet. SQD Network is positioning itself at the intersection of blockchain innovation and institutional finance, offering a decentralized and scalable solution for the next generation of financial data infrastructure.
The announcement was made on June 10, with SQD Network outlining the platform's capability to deliver institutional-level reliability and transparency. As the tokenized asset market continues to grow, Oceanstream promises to be a crucial tool for institutional investors seeking to stay ahead in this rapidly evolving landscape.
