HashKey to launch three indexes tracking digital assets

2024-01-24 00:54:55

Hong Kong digital asset fund manager HashKey Capital and FTSE Russell have unveiled three cryptocurrency indices.

According to The Straight Times, the idea behind HashKey Capital and FTSE Russell, a division of the London Stock Exchange (LSEG), is to make it easier for traders to keep track of multiple assets simultaneously. Indices track cryptocurrencies by market capitalization, infrastructure, and applications. In this way, they can plan investment strategies more efficiently and effectively.

One of the three is the FTSE Custom Digital Asset Top 20 Index, which tracks the 20 most considerable crypto assets based on market capitalization. It reflects at least 90% of the overall performance of the digital asset market.

The FTSE Custom Digital Asset Infrastructure Index tracks the digital assets that comprise the crypto eco’s infrastructure layer. These include intelligent contract platforms, protocol interoperability, and distributed computing and storage.

The third new index is the FTSE Custom Digital Asset Application Index, which tracks digital asset applications across the eco, typically associated with staking tools and decentralized finance.

The indices will soon be available through data providers such as Bloomberg, Factset, LSEG Data & Analytics, Morningstar, and S&P Capital IQ.

Founded in 2018, HashKey Group is a financial group from the digital asset industry. It includes a licensed cryptocurrency exchange and an asset management firm, tokenization, staking, and non-fungible token (NFT) services.

Previously, HashKey Group, the parent company of HashKey Capital, raised $100 million in a Series A funding round. The firm itself was valued at $1.2 billion, so it became a “unicorn.” The company did not disclose details of the process or publish a list of investors. The funds will be used to expand the holding’s cryptocurrency eco, diversify business products in Hong Kong, and innovate the development of companies under its control.

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