In Switzerland-based index providers, Defi-Exposure offers

In Switzerland-based index providers, Defi-Exposure offers

A Swiss index provider has launched an index that offers a commitment to 10 defi tokens because crypto system vehicles are increasing.

Compass Financial technologies 'Indexes have a fortune of around 5 billion US dollars and are reproduced by ETPs throughout Europe.

The appetite for the exposure of digital assets through solutions to institutional quality grows considerably, CEO Guillaume le Furil to Blockworks.

"We clearly identified the Defi [Theme] as one of the fastest growing sectors in the crypto industry, and the index should offer a wide and dynamic commitment in this sector," said Le Fur.

The index is the first such institutional product that determines weightings by pursuing token liquidity and income that are generated by defi protocols (decentralized finances) via on-chain data, according to the company.

The greatest assignment is too uniswap (university) with a weighting of around 33 %. Aave (Aave), sushiswap (sushi) and Loopring (LRC) each exceed 10 %.

The index can be used as part of a license agreement by issuers in any country, subject to local regulations. It corresponds to the EU Benchmark Ordinance and is live on Bloomberg and Refinitive.

The start takes place because the crypto offers in Europe continue to multiply.

Compass entered into a partnership with Coinshares in June 2020 to create the Coinshares Gold and Cryptoassets Index (CGCI)-the first EU Benchmark Ordinance-compliant index that combines crypto and gold.

Coinshares recently launched two crypto ETPs (stock market-traded products) that are designed to share staking rewards with investors. Wisdomtree and 21shares have continued to bring crypto ETPs to the European market, the latter plans to support the 50 most important cryptocurrencies by the end of the year.

"2022 should be an important year for us in relation to index offers, with new thematic basket indices, volatility, option-based indices and multi-asset indices," said Le Fur.

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The contribution Swiss index provider offers defi-exposure is not a financial advice.