The collaboration between the Japanese consulting company Nomura Research Institute (NRI) and the Intelligence Unit led to the launch of a traded cryptocurrency index.
The new platform takes data from MV Index Solutions (MVIS) and CryptoCompare. It can serve not only Japanese financial institutions but also global companies. The index is based on five cryptocurrencies: BTC, BCH, ETH, LTC, and XRP, which are rebalanced once every 30 days.
“Strong demand from institutional investors is contributing to the growth of crypto-asset funds, and well-diversified products like index funds are attractive as alternative investments. We will bridge the traditional financial world and the crypto-asset world by providing institutional-grade crypto-asset benchmarks, further establishing the status of crypto-assets as alternative investments,” – explained Akihiro Niimi, CEO of Intelligence Unit.
Earlier we wrote that Binance would limit access to the exchange for users from Japan. To keep up with the latest news in the world of cryptocurrencies and the blockchain industry, check out updates on TheCoinShark.