Crypto heading into the mainstream

After an intense surge in investor interest, mainstream stock-exchanges in the US are now preparing to incorporate crypto-currency into their asset indices.

Sunday, December 27th 2020, 6:00AM

Peter Roffman

S&P Dow Jones Indices (S&P DJI) are launching cryptocurrency asset index capabilities alongside Lukka, a leading New York City-based crypto asset software and data company.

The customised indexing and benchmarking solutions will be provided by the world’s biggest stock exchange, supported by Lukka’s proprietary crypto asset pricing data.

This change is a mark of the evolution of the market for cryptocurrency assets in recent years. Investor interest in benchmarking and index-based solutions based on crypto and blockchain assets has grown and reinforced the need for reliable pricing data.

These new cryptocurrency index capabilities will make it easier for investors to access this emerging technology-driven asset class while potentially mitigating some of the common risks associated with this traditionally speculative market. S&P DJI’s well-established index governance and independence can provide diversified exposure from a series of branded and custom indices supported by Lukka’s institutional quality data.

Peter Roffman, Global Head of Innovation and Strategy at S&P Dow Jones Indices has said that “S&P Dow Jones Indices has been a pioneer in creating innovative and relevant indices and benchmarks that reflect the global market’s ongoing evolution.”

“With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable and user-friendly benchmarks. We’re excited to work with Lukka, who has been at the forefront of digital asset data services, to promote more transparency in this nascent sector.”

Robert Materazzi, CEO of Lukka has said that “Our collaboration with S&P DJI is yet another milestone that bridges the gap between the crypto asset ecosystem and traditional financial services.”

“Customers with crypto data requirements will soon have access to the most trusted data in the industry underpinned by Lukka’s institutional-quality standards, such as AICPA SOC controls. In a rapidly maturing industry, it is paramount to build to institutional standards when working with highly respected brands, such as S&P DJI. Lukka is thrilled to help drive ongoing innovation in collaboration with S&P DJI.”

Tags: cryptocurrency currency S&P Dow Jones