Collaboration to deliver pioneering approach for direct investing in crypto sectors
CoinDesk Indices, a subsidiary of CoinDesk and the leading provider of digital asset indices by AUM since 2014, announced a collaboration with Truvius, a provider of thematic digital asset portfolios constructed for institutions and individuals that is backed by Galaxy’s venture team, an affiliate of Galaxy Digital Holdings Ltd. CDI and Truvius will deliver a digital asset investment “first” to allow direct investing access to portfolios managed by Truvius tracking CDI’s crypto sector indices.
This pioneering effort will mark a significant milestone and introduce a new paradigm in the digital asset ecosystem. By combining CDI’s digital asset classification expertise and experience as a trusted provider of digital asset indices with the power of Truvius’s systematic theme-driven process, clients will soon have access to investable, automated, and highly innovative portfolios tracking digital asset indices which allow customization, including ability to allocate to model portfolios tracking multiple indices.
Latest Fintech News: ESG Sets to Prompt Sustainable Future for Digital Payment Ecosystem, Finds Astra ESG Solutions
“We are thrilled to collaborate with CoinDesk Indices in offering a groundbreaking investment solution,” said Connor Farley, CEO and Co-Founder of Truvius. “Our institutional quality, transparent sophistication, and fiduciary focus, coupled with CDI’s trusted expertise, will enable clients to directly participate in the growth potential of crypto sectors. This partnership exemplifies our commitment to constant innovation and broadening access to thoughtfully constructed digital asset products for all investors.”
“We are excited to work with the exceptional team at Truvius to help them generate innovative and forward-thinking products to improve and democratize access to nuanced digital asset investment strategies,” said Andy Baehr, CFA, Managing Director at CoinDesk Indices. “CDI’s meticulously constructed and market-tested index methodologies provide a strong foundation for the Truvius platform for both benchmarking and direct exposure to index-based portfolios.”
Latest Fintech News: New AR Automation Tools from Unanet Help Architecture and Engineering Firms Get Paid Faster and More Efficiently
The sectors that will soon be available on the Truvius platform include computing, culture & entertainment, currency, decentralized finance (DeFi) and smart contract platform represented by the following CDI indices:
- CoinDesk Computing Select Index (CPUS)
- CoinDesk Culture & Entertainment Select Index (CNES)
- CoinDesk Currency Select Index (CCYS)
- CoinDesk DeFi Select Index (DFX)
- CoinDesk Smart Contract Platform Select Index (SCPX)
The sectors are based on CDI’s Digital Asset Classification Standard (DACS), which evaluates and categorizes thousands of digital assets into distinct sectors monthly. The constituents within these sectors then go through a screening process to meet certain trading and custody requirements. Those that meet the criteria form the crypto sector indices, designed to measure the market capitalization weighted performance of some of the largest and most liquid digital assets.
Steve Kurz, Global Head of Asset Management at Galaxy, commented, “By introducing access to crypto sectors, CoinDesk Indices and Truvius are not only expanding opportunities for investors but also pushing the boundaries of digital asset investment strategies. This collaboration is a testament to their collective vision and expertise in driving the market forward in a thoughtful and careful manner.”
Latest Fintech News: Alipay and Mastercard Offer International Travelers Another Convenient Way to Make Cashless Payments in China
[To share your insights with us, please write to sghosh@martechseries.com]
