Canadian Investment Review

FTSE Russell to establish indicative digital assets index

Written by Staff on Tuesday, March 26th, 2019 at 8:31 am

Bitcoin Electronic Crypto Currency Concept Background © arrow / 123RF Stock PhotosFTSE Russell, alongside DAR Data Services, will be launching an indicative digital assets index to test and evaluate a benchmark for the most actively traded assets in the category and to assist in firming up industry standards for the digital assets market.

This market includes exchanges and trading venues that trade cryptocurrencies, digital tokens and coins.

FTSE Russell also intends to create an advisory group to oversee the definition of what assets can be included in the index, which it will publish once established.

“Digital assets are a fast-growing segment of the market and we are delighted to be working with DAR,” said Mark Makepeace, non-executive chairman of the information services division at the London Stock Exchange Group, in a press release. “The new indicative FTSE Digital Assets Index will help the market evaluate a benchmark and assist in the creation of industry standards. It will also offer much needed transparency and create greater awareness for investors interested in this new asset class.”

The indicative index will be available to registered users.

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