Swiss index provider Compass Financial Technologies is launching a new product tracking 10 DeFi tokens

The Swiss-based fund manager Compass Financial Technologies has launched an index of 10 decentralized finance (DeFi) tokens dubbed the Compass Crypto Basket Fundamental DeFi Index (CCBFDEFI)..

Founded in 2017, the company offers indices and services tailored to cryptocurrencies, commodities, multi-assets and real estate.. It manages approximately $5 billion in investment products related to its indices.

The CCBFDEFI went live on February 22, offering institutional access to a pool of 10 DeFi tokens. which are individually weighted based on “the protocol’s liquidity, market cap and revenue metrics” and on-chain data.

Swiss index provider Compass Financial Technologies is launching a new product tracking 10 DeFi tokens
Swiss index provider Compass Financial Technologies is launching a new product tracking 10 DeFi tokens

The maximum weight of a token is capped at 35% and the asset pool is selected every month. The company has listed more than 20 approved tokens that can be used as components of the index each month, such as UniSwap (UNI), Compound (COMP), Aave (AAVE) and SushiSwap (SUSHI).

DeFi Token Allocation, CCBFDEFI Index: Compass Financial Technologies

This was emphasized by the CEO of Compass Financial Technologies, Guillaume Le Fur Institutional Appetite for Crypto Engagement “Growing Significantly”as companies look for ways to invest in the sector in a respectful way:

“The inclusion of fundamental metrics in the index construction gives investors the opportunity to allocate the most efficient DeFi tokens based on solid economic indicators.”

The CCBFDEFI is now available on the company’s website along with Bloomberg and Refinitiv, and complies with the EU benchmark regulations (EU BMR). The product can also be used under a license agreement with Compass Financial Technologies.

Compass Financial Technologies also partnered with leading cryptocurrency fund manager CoinShares in late January provide its indices for reference prices as part of CoinShares’ physical exchange-traded products (ETPs), which have no management fees and offer staking rewards.

Many thanks to the @CoinSharesCo team for choosing our EU BMR compliant cryptocurrency benchmarks as benchmark prices for their CoinShares Physical ETPs, including the new CoinShares Physical Staked Tezos and CoinShares Physical Staked Polkadot ETPs.

In April last year, the company launched a series of EU BMR-compliant cryptocurrency indices, covering areas ranging from benchmark pricing to intelligent risk controls and volatility targets..

Clarification: The information and/or opinions expressed in this article do not necessarily reflect the views or editorial line of Cointelegraph. The information contained herein should not be construed as financial advice or investment recommendation. All investment and trading movements involve risk and it is the responsibility of each person to conduct their proper research before making any investment decision.

Similar Posts