Hong Kong digital asset fund supervisor HashKey Capital and FTSE Russell have unveiled three cryptocurrency indices.
In response to The Straight Times, the thought behind HashKey Capital and FTSE Russell, a division of the London Inventory Change (LSEG), is to make it simpler for merchants to maintain monitor of a number of belongings concurrently. Indices monitor cryptocurrencies by market capitalization, infrastructure, and purposes. On this means, they will plan funding methods extra effectively and successfully.
One of many three is the FTSE Customized Digital Asset Prime 20 Index, which tracks the 20 most appreciable crypto belongings based mostly on market capitalization. It displays no less than 90% of the general efficiency of the digital asset market.
The FTSE Customized Digital Asset Infrastructure Index tracks the digital belongings that comprise the crypto ecosystem’s infrastructure layer. These embody clever contract platforms, protocol interoperability, and distributed computing and storage.
The third new index is the FTSE Customized Digital Asset Utility Index, which tracks digital asset purposes throughout the ecosystem, usually related to staking instruments and decentralized finance.
The indices will quickly be accessible by means of knowledge suppliers similar to Bloomberg, Factset, LSEG Information & Analytics, Morningstar, and S&P Capital IQ.
Based in 2018, HashKey Group is a monetary group from the digital asset business. It features a licensed cryptocurrency alternate and an asset administration agency, tokenization, staking, and non-fungible token (NFT) providers.
Beforehand, HashKey Group, the guardian firm of HashKey Capital, raised $100 million in a Collection A funding spherical. The agency itself was valued at $1.2 billion, so it turned a “unicorn.” The corporate didn’t disclose particulars of the method or publish a listing of traders. The funds will likely be used to develop the holding’s cryptocurrency ecosystem, diversify enterprise merchandise in Hong Kong, and innovate the event of corporations underneath its management.