HashKey Capital, a leading digital asset fund manager based in Hong Kong, has partnered with FTSE Russell, a division of the London Stock Exchange Group (LSEG), to introduce three innovative cryptocurrency indices. This collaboration aims to streamline the process for traders and investors to monitor and analyze a variety of digital assets.
Revolutionizing Crypto Asset Tracking
The first index, named the FTSE Custom Digital Asset Top 20 Index, focuses on the top 20 cryptocurrencies by market capitalization. This index provides a comprehensive overview, capturing over 90% of the total market performance in the digital asset realm. It serves as a crucial tool for investors looking to understand and navigate the broader cryptocurrency market.
Next, the FTSE Custom Digital Asset Infrastructure Index offers a unique perspective by concentrating on the underlying infrastructure of the cryptocurrency ecosystem. This includes a range of digital assets that are foundational to the industry, like smart contract platforms, interoperability protocols, and distributed computing and storage solutions. This index offers investors insights into the technological backbone of the crypto world.
The third index, the FTSE Custom Digital Asset Application Index, is designed to track digital asset applications within the ecosystem. This includes innovative areas such as decentralized finance (DeFi) and staking tools, providing a window into the application-based aspects of the cryptocurrency sector.
These indices will soon be accessible through major data providers like Bloomberg, Factset, LSEG Data & Analytics, Morningstar, and S&P Capital IQ. This wide availability ensures that a broad range of investors and traders can easily access these indices, allowing for more informed investment decisions in the rapidly evolving digital asset market.
HashKey Capital’s Rising Influence in the Digital Asset Industry
Established in 2018, HashKey Group, the parent company of HashKey Capital, has quickly emerged as a prominent figure in the digital asset industry. The group offers a comprehensive suite of services, including a licensed cryptocurrency exchange, asset management, tokenization, staking, and non-fungible token (NFT) services.
HashKey Group recently achieved a significant milestone by raising $100 million in a Series A funding round, which propelled the company’s valuation to $1.2 billion, earning it the prestigious status of a “unicorn.” The details of the funding round, including the list of investors, remain undisclosed. The capital raised is earmarked for expanding the group’s cryptocurrency ecosystem, diversifying its offerings in Hong Kong, and fostering innovation across its subsidiaries.
This partnership between HashKey Capital and FTSE Russell marks a significant step forward in providing sophisticated tools and indices for the digital asset market, reflecting the growing maturity and complexity of the cryptocurrency industry.