Hong Kong’s HashKey Capital and FTSE Russell Launch Cryptocurrency Indices
Hong Kong-based digital asset fund manager HashKey Capital has partnered with FTSE Russell, a division of the London Stock Exchange (LSEG), to introduce three cryptocurrency indices. The aim is to provide traders with an easier way to track multiple assets simultaneously, enabling them to plan investment strategies more efficiently.
The FTSE Custom Digital Asset Top 20 Index
One of the indices is the FTSE Custom Digital Asset Top 20 Index, which monitors the 20 largest crypto assets based on market capitalization. It represents at least 90% of the overall performance of the digital asset market.
The FTSE Custom Digital Asset Infrastructure Index
The second index, the FTSE Custom Digital Asset Infrastructure Index, tracks the digital assets that form the infrastructure layer of the crypto ecosystem. This includes intelligent contract platforms, protocol interoperability, and distributed computing and storage.
The FTSE Custom Digital Asset Application Index
The third index is the FTSE Custom Digital Asset Application Index, which monitors digital asset applications across the ecosystem, particularly those associated with staking tools and decentralized finance.
Data Providers and Availability
The indices will soon be accessible through various data providers, including Bloomberg, Factset, LSEG Data & Analytics, Morningstar, and S&P Capital IQ.
About HashKey Group
HashKey Group is a financial group in the digital asset industry that was founded in 2018. It encompasses a licensed cryptocurrency exchange, an asset management firm, tokenization services, staking services, and non-fungible token (NFT) services.
Funding Round and Future Plans
Previously, HashKey Group raised $100 million in a Series A funding round, valuing the firm at $1.2 billion and earning it the status of a “unicorn.” The funds will be used to expand the cryptocurrency ecosystem, diversify business products in Hong Kong, and drive innovation within the company.
Hot Take: HashKey Capital and FTSE Russell Collaborate to Simplify Crypto Trading
Hong Kong’s HashKey Capital and FTSE Russell have joined forces to introduce three new cryptocurrency indices. These indices aim to provide traders with a more convenient way to monitor multiple assets simultaneously, allowing for more effective investment planning. By tracking cryptocurrencies based on market capitalization, infrastructure, and applications, traders can streamline their investment strategies. The indices will soon be available through various data providers, making them easily accessible to traders. This collaboration showcases the growing importance of cryptocurrencies in traditional financial markets and highlights the efforts to integrate digital assets into mainstream investment practices.
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