RATE Group | Largest Japanese Consulting Firm to Launch New Cryptocurrency Index
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Largest Japanese Consulting Firm to Launch New Cryptocurrency Index

29 Jan Largest Japanese Consulting Firm to Launch New Cryptocurrency Index

Posted at 12:57h in Cryptocurrency News by

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Leading Japanese consulting firm Nomura Research Institute (NRI) partnered with cryptocurrency investment solution provider Intelligence Unit (IU) to launch a tradable cryptocurrency index.

According to a press release published on Jan. 29, the new index’s name is NRI/IO Crypto-Asset Index and it is meant for use by financial institutions. The index also draws data from crypto index platform MVIS and major cryptocurrency data platform CryptoCompare.

The dedicated website explains that the index is meant to cover global crypto markets in U.S. dollars and Japanese yen by tracking the largest cryptocurrencies. The index was designed for Japanese institutional investors with consideration for local availability and custody solutions.

A tradable index tracking five top cryptos

The NRI/IO Crypto-Asset Index is rebalanced monthly and tracks the performance of a pre-defined basket of crypto assets and will be tradable in dollars and yen on NRI’s platform. The index includes Bitcoin (BTC),…

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