NASDAQ, the major stock exchange in the United States, has added crypto index Defix (DEFX) to provide markets information on blockchain projects working in the decentralized finance (DeFi) space.
As per a press release, the index was launched by the London-based Exante brokerage. The index lists crypto assets of projects like the one of Proof-of-Work blockchain Amoveo (VEO), decentralized exchange protocol 0x (ZRX), and prediction market Augur (REP), as well as other well-known projects like MakerDAO (MKR).
“[I am] glad to see increased awareness being brought to decentralized finance projects” Zack Hess, Amoveo’s main developer said, adding that he would like to provide everyone access to modern financial tools.
“Defix is the first altcoin index that reflects the dynamics of the most promising blockchain projects working in decentralized finance: Augur, Gnosis, Amoveo, Numerai, Maker, 0x,” NASDAQ stated as quoted by Finance Magnates.
The index is listed by NASDAQ under the ticker DEFX and can be tracked on TradingView and Google, with a plan to list on Yahoo Finance in the future, CoinDesk reported. It is also available on the NASDAQ Global Index Data Services SM (GIDS) and will update its data every minute.
Meanwhile, Exante is slated to launch a fund based on the Defix, hinting it will be offered via a “secure, financially accredited agency.”
The brokerage firm’s Bitcoin Fund was released in 2012. Notably, the fund reportedly totaled on the overall return of investment of 70,000% since its inception. The firm has also reportedly released the XAI fund, which is composed of six major altcoins, namely, ether (ETH), ether classic (ETC), monero (XMR), XRP, and Zcash (ZEC).
Earlier this week, NASDAQ also announced it is adding fundamental crypto trading rating and price forecasting data to Quandl, a platform that offers financial, economic, and alternative datasets. The new initiative is achieved in partnership with the Amsterdam-based crypto investment management fund and data provider Blockchain Investment & Co.
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