New single-, multi-coin and thematic indexes offer seamless spot and swaps trading
Wilshire, a leading global financial services firm committed to enhancing and modernizing the way that indexes are built, maintained and licensed has entered a partnership with FalconX to develop a range of single-coin, multi-coin and thematic indexes, providing institutional investors with access to the fast-growing OTC crypto derivatives market and enhanced ability to conduct safe and regulated trading.
“The crypto derivatives ecosystem is at a critical growth juncture and as we have solidified our leadership position in giving institutional investors access to OTC crypto derivatives, we want to strengthen our offering by working with Wilshire, a market leader in digital asset index design.”
As of December 30, 2022, the circulating value of Digital Assets was $832.1 billion according to the FT Digital Asset Dashboard, and currently there are over 10,000 active digital assets in existence, moving far beyond cryptocurrencies.
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FalconX believes institutional rigor and seamless access to digital assets will remove the pitfalls of market fragmentation, price discovery and unreliable market data. The team also believes cryptocurrencies will become a secondary consideration when compared to the underlying cryptography technology which will be the key investment opportunity in the near future, especially as the benefits of tokenization are realized.
Aligned to this thinking, Wilshire began developing institutional grade products to ensure robust pricing, settlement fixing, and a taxonomy system (“DATS”). DATS forms the core foundation to the creation of Wilshire’s digital asset offering. Since its initial launch of Digital Asset indexes in 2020, Wilshire has now launched over 70 single-coin, multi-coin and themed digital asset indexes, with DATS classifying over 1,300 digital assets, the broadest digital asset coverage in the market today.
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Mark Makepeace, Chief Executive Officer, Wilshire said, “We are delighted to have been chosen by FalconX as their preferred digital assets index provider. As innovators in the market, we aim to help institutional investors realize the benefits of new digital forms of investment and blockchain technologies while providing the products that meet the most stringent institutional requirements to access this emerging asset class with confidence.”
Raghu Yarlagadda, Chief Executive Officer and co-founder at FalconX, said, “The crypto derivatives ecosystem is at a critical growth juncture and as we have solidified our leadership position in giving institutional investors access to OTC crypto derivatives, we want to strengthen our offering by working with Wilshire, a market leader in digital asset index design.”
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