Nomura Research Institute (NRI) has teamed up with MV Index Solutions (MVIS) and Intelligence Unit (IU), a global provider of quantitative research and development for digital asset investment solutions, to launch a new cryptocurrency index.
According to a press release published on Jan. 29, the partnering firms have jointly launched the NRI/IU Crypto-Asset Index for financial institutions.
“We are pleased to launch this index for Intelligence Unit and the Nomura Research Institute,” said Thomas Kettner, Managing Director at MVIS. “We are happy to offer our services and deep expertise in digital assets indexing to the Japanese market.”
According to the details, the NRI/IU Crypto-Asset Index is an investable index, offering an investment solution for Japanese financial institutions as well as global investors. It is the first crypto-asset benchmark for institutional investors in the country.
“As part of our collaboration with MVIS, we are excited to offer institutional investors in Japan the first crypto asset investible index,” said Charles Hayter, Co-Founder and CEO of CryptoCompare commented.
NRI/IU Crypto-Asset Index offers a reliable reference point for evaluating performance by providing benchmarks constructed with a clear and transparent methodology. It is designed for Japanese financial institutions and crypto exchanges by considering local availability, JPY and USD currency, custody solutions and official closing values in the local time zone (JST).
The index contains Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and XRP (XRP).
“Strong demand from institutional investors is contributing to the growth of crypto-asset funds, and well-diversified products like index funds are attractive as alternative investments. We will bridge the traditional financial world and the crypto-asset world by providing institutional grade crypto-asset benchmarks, further establishing the status of crypto-assets as alternative investments,” said Akihiro Niimi, CEO of Intelligence Unit.
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