Hashkey Capital and FTSE Russell Introduce New Crypto Asset Indices
Digital asset investment company Hashkey Capital has partnered with FTSE Russell, a subsidiary of the London Stock Exchange Group (LSEG), to launch three indices for tracking cryptocurrencies. These indices provide a comprehensive overview of the digital asset market and allow investors and traders to monitor the performance of different segments within the industry.
As of January 24, 2024, these indices will be available on the FTSE Russell website. The collaboration also aims to expand accessibility to other data providers in the future, including Bloomberg, Factset, LSEG Data and Analytics, Morningstar, and S&P Capital IQ.
Chris Williamson, the head of Asia-Pacific, Index Investments Group at FTSE Russell, expressed excitement about the partnership, stating that the indices were developed with rigorous standards to meet institutional demand and regulatory integrity.
The indices start with our rigorous vetting and monitoring process, setting standards for asset and exchange inclusion to meet institutional demand for investability and regulatory integrity in this new asset class.
The first index, called the FTSE Custom Digital Asset Top 20 Index, tracks the performance of the top 20 crypto assets by market capitalization, capturing over 90% of the market’s performance.
The second index, the FTSE Custom Digital Asset Infrastructure Index, focuses on foundational assets in the crypto ecosystem, such as smart contract platforms and distributed computation.
The third index, the FTSE Custom Digital Asset Application Index, tracks assets related to staking and decentralized finance (defi).
Hashkey Capital recently obtained a comprehensive capital markets license in Singapore and raised $100 million through a Series A funding round. Mr. Deng Chao, the managing director of Hashkey, highlighted the increasing demand from investors looking to diversify their portfolios beyond established cryptocurrencies.
Hot Take: Hashkey Capital and FTSE Russell Join Forces to Launch Crypto Asset Indices
Hashkey Capital has partnered with FTSE Russell to introduce three indices for tracking the performance of cryptocurrencies. These indices provide investors and traders with a comprehensive view of the digital asset market, allowing them to monitor different segments within the industry. With the collaboration, Hashkey Capital and FTSE Russell aim to meet institutional demand for investability and regulatory integrity in the crypto asset class. The indices will be available on the FTSE Russell website and may be accessible through other data providers in the future. This partnership solidifies Hashkey Capital’s position in the market and highlights the growing interest in diversifying cryptocurrency portfolios among investors.
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