Advisors can now access comprehensive crypto indices on Onramp’s Marketplace
Onramp Invest, the turnkey digital asset service for financial professionals, announced its partnership with CoinDesk Indices (CDI), a subsidiary of CoinDesk, the leading provider of digital asset indices by AUM since 2014. Through this collaboration, Onramp will offer advisors using its Marketplace access to CDI’s powerful, innovative indices to help create and customize portfolio models for clients.
“CDI’s rules-based methodology for our indices is robust and comprehensive, which we believe provides a real value add”
By partnering with CDI, Onramp can provide advisors with a wider range of options for creating models aligned with their clients’ desired exposures. The indices available on Onramp’s flexible platform include CoinDesk Market Select Index (CMIS), CoinDesk Defi Select Index (DFX) and CoinDesk Currency Select Index (CCYS).
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“We’re excited to be able to offer access to CoinDesk’s leading indices backed by powerful research and invaluable market insights,” said Eric Ervin, CEO of Onramp Invest. “We want Onramp to be the one-stop destination for financial advisors supporting digital assets. Pairing CoinDesk Indices’ market intelligence with Onramp’s flexibility and access provides advisors with unparalleled growth opportunities for clients.”
CDI’s indices are designed to measure the market capitalization weighted performance of some of the largest and most liquid digital assets that meet certain trading and custody requirements. The indices are based on the Digital Asset Classification Standard (DACS), with each index consisting of different digital assets.
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As of April 4, 2023:
- DFX consists of the following assets: Aave (AAVE), BCurve DAO Token (CRV), Synthetix (SNX) and Maker (MKR).
- CCYS consists of the following assets: Bitcoin (BTC), Litecoin (LTC), Stellar (XLM), Bitcoin Cash (BCH) and Quant (QNT).
- CMIS includes 27 different constituents within 5 of CDI’s crypto sector indices, offering broad market access while also having filters and screens in place for liquidity.
“CDI’s rules-based methodology for our indices is robust and comprehensive, which we believe provides a real value add,” said Andy Baehr, CFA, Managing Director at CoinDesk Indices. “For example, our index eligibility criteria, intended for tradability, had eliminated FTT since it wasn’t priced by at least two eligible exchanges. We’re thrilled that advisors using Onramp’s Marketplace will be able to use CDI indices as building blocks for developing customized solutions for their clients.”
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