FTSE Russell and Hong Kong-based digital asset fund manager HashKey Capital have released three cryptocurrency indices.
The Straight Times claims that HashKey Capital and FTSE Russell, a London Stock Exchange (LSEG) division, aims to facilitate traders’ ability to monitor numerous assets at once.
Indices follow the market size, applications, and infrastructure of cryptocurrencies. They are able to plan investment strategies more successfully and efficiently in this way.
The FTSE Custom Digital Asset Top 20 Index, which monitors the top 20 significant crypto assets by market capitalization, is one of the three. At least 90% of the digital asset market’s entire success is reflected in it.
The digital assets that make up the infrastructure layer of the cryptocurrency ecosystem are tracked by the FTSE Custom Digital Asset Infrastructure Index.
These consist of distributed computing and storage, protocol interoperability, and intelligent contract platforms. The FTSE Custom Digital Asset Application Index, which analyzes digital asset applications throughout the ecosystem and is generally connected to staking tools and decentralized finance, is the third new index.
Data sources like Factset, Bloomberg, LSEG Data & Analytics, Morningstar, and S&P Capital IQ will shortly offer the indices. HashKey firm is a financial firm from the digital asset sector that was founded in 2018.
The services offered are non-fungible token (NFT) services, tokenization, staking, an asset management company, and a registered cryptocurrency exchange.
The parent business of HashKey Capital, HashKey Group, previously raised $100 million in a Series A fundraising round. The company was considered a “unicorn,” with a $1.2 billion valuation.
The business did not release an investor list or reveal specifics of the procedure. The money will go toward developing the holding’s bitcoin ecosystem, broadening its business offerings in Hong Kong, and innovating the growth of the businesses it oversees.
