<img src="https://crypto.news/app/uploads/2024/01/crypto-news-laptop-trading-chart-option01.webp” />
Hong Kong digital asset fund manager HashKey Capital and FTSE Russell have unveiled three cryptocurrency indices.
According crypto-fund-manager-hashkey-capital-launch-three-indices-tracking-digital-assets” target=”_blank” rel=”noopener”>The right 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 track multiple assets simultaneously. The indices track cryptocurrencies by market capitalization, infrastructure and applications. 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 top 20 crypto assets by 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 make up the infrastructure layer of the crypto ecosystem. These include smart 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 ecosystem, typically associated with decentralized finance and staking tools.
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 in the digital asset industry. It includes a licensed cryptocurrency exchange and asset management company, 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 company itself was valued at $1.2 billion, making it a “unicorn.” The company did not reveal details of the process or publish a list of investors. The funds will be used to expand the holding company's cryptocurrency ecosystem, diversify trading products in Hong Kong, and innovate the development of companies under its control.
