New Index Series in Collaboration with CryptoCompare Offers Institutional Investors Broad Coverage of the Crypto Market
Prices are aggregated from top rated exchanges that meet investment grade ratings and can be traded 24/7/365
September 20, 2021 9:38 a.m. Eastern Daylight Time
LONDON & NEW YORK & SANTA MONICA, Calif .– (BUSINESS WIRE) –Wilshire, a global investment technology and advisory firm, in association with the world’s leading news organization, The Financial Times (FT), announced today Today is the launch of a new series of digital asset indices to help investors better understand and navigate this growing market.
Developed with CryptoCompare, one of the world’s leading providers of data on the cryptocurrency market, the FT Wilshire Indices combine market standard exchange quotes from CryptoCompare and Wilshire’s methodology to aggregate digital asset prices from of the top seven of the highest rated crypto exchanges. Requirements for a minimum A rating and an overall score of at least 70 in the past 12 months means they have strong Know Your Customer (KYC) and Anti-Money Laundering policies. (AML), as well as legal and regulatory compliance and due diligence processes.
The series of indices will allow institutional investors to access with more confidence an asset class that was previously more attractive to retail investors with a higher tolerance for risk. Wilshire’s proprietary methodology will apply to both individual digital assets and indices covering over 85% of market capitalization on qualifying exchanges. This rigorous and innovative approach offers higher levels of data transparency and establishes a credible benchmark set.
Digital assets have experienced rapid growth and flourishing innovation. The market capitalization of the top five cryptocurrencies is estimated at $ 1.4 trillion. The links between cryptocurrencies and fiat currencies are growing. Regulators are now stepping up standard setting and better consumer protections.
By aggregating the prices of these consistently highly rated crypto exchanges, Wilshire can create digital asset index products whose values are derived from true price discovery.
Since digital assets are traded 24/7, Wilshire is also introducing close times for different geographic regions, giving jurisdictions the flexibility of an end-of-day valuation at times that suit their needs. time zone. This can help institutions settle derivative contracts and meet regulatory obligations. Institutional investors, fund managers and banks wish to explore the potential of digital assets as global regulators and policymakers seek to harmonize and regulate the market.
The new FT Wilshire digital asset index series is the latest product development under a brand licensing deal with FT, first announced earlier this year. The series will initially include 10 single-asset indices and three multi-asset indices:
• FT Wilshire Bitcoin Mixed Price Index
• FT Wilshire Ethereum Mixed Price Index
• FT Wilshire Cardano Mixed Price Index
• FT Wilshire Dogecoin Mixed Price Index
• FT Wilshire Chainlink mixed price index
• FT Wilshire Uniswap protocol mixed price index
• FT Wilshire Bitcoin Cash mixed price index
• FT Wilshire Polkadot protocol mixed price index
• FT Wilshire Solana mixed price index
• FT Wilshire Litecoin blended price index
• FT Wilshire Top 5 digital assets
• FT Wilshire Top 5 digital assets excluding Bitcoin
• FT Wilshire Bitcoin and Ethereum Index
New indices, improved data and blended prices will be published in real time and will be part of the FT market data.
Mark Makepeace, CEO of Wilshire, said: “Our role is to provide the tools and strategy necessary for secure access to new markets for investors. As new forms of digital investing and the adoption of blockchain technologies take shape, financial services will need help to ensure that institutional investors have secure access and understand the performance and risk drivers associated with assets. digital.
John Ridding, CEO of the Financial Times, said: “Digital assets are a dynamic and rapidly changing industry with the potential to have a huge impact on the financial services and investment industry. They are attracting the attention of more investors and regulators. There is a need and an opportunity to provide investors and readers with authoritative metrics, news and analysis. As a global trusted source on market trends and innovations, the FT supports enhanced data that helps readers understand risks as well as opportunities and inform their perspectives.
Charles Hayter, CEO of CryptoCompare, said: “We are seeing substantial and growing interest in digital assets from institutional investors. Since 2014, we have strived to develop a comprehensive and reliable suite of market data to provide access and transparency to this rapidly growing asset class. We look forward to working closely with The Financial Times and Wilshire to provide our trusted digital asset data to create these innovative products that provide institutional investors with new avenues of exposure to digital assets. “
Wilshire is a global provider of market-leading indices, advanced analytics and multi-asset investment solutions. A trusted partner of a diverse range of more than 500 institutional investors, financial advisers and intermediaries, our clients rely on us to improve the results of their investments for a better future. Wilshire is headquartered in the United States with offices around the world and advises on more than $ 1.3 trillion in assets, including $ 87 billion in assets under management.
More information about Wilshire can be found at www.wilshire.com
About the Financial Times
The Financial Times is one of the world’s leading economic news organizations, internationally recognized for its authority, integrity and accuracy. The FT has a record paid readership of over one million, three-quarters of which are digital subscriptions. It is part of Nikkei Inc., which provides a wide range of information, news and services to the global business community.
You can find more information about FT at www.ft.com
CryptoCompare is a global leader in digital asset data providing institutional and retail investors with real-time and historical data spanning over 5,500 coins and 250,000 currency pairs. By aggregating and analyzing quote data from globally recognized exchanges and seamlessly integrating multiple data sets, CryptoCompare provides a comprehensive and granular overview of the market through trade data, order book, historical data , social and blockchain.
You can find more information about CryptoCompare at https://data.cryptocompare.com