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Bloomberg and Galaxy Digital associate to launch DeFi Index
Bloomberg and Galaxy Digital associate to launch DeFi Index
News

Bloomberg and Galaxy Digital associate to launch DeFi Index

By Andy JoshAugust 19, 2021
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Bloomberg has partnered with Galaxy Digital Management to expand their crypto offering with the launch of the Bloomberg Galaxy Defi Index. 

  • Benchmark will measure the performance of the largest decentralized finance (DeFi) protocols by market value.
  • The benchmark is held and directed by Bloomberg Index Services Limited and is co-branded with Galaxy.
  • The constituents of the Index are selected based on “institutional trading and custody readiness in the US.”
  • As of August 1, the nine DeFi projects with Galaxy Digital include Uniswap, Aave, Maker, Compound, Yearn Finance, Synthetix, SushiSwap, 0x, and Uma.
  • The partnership will provide “investors with data and tools that deliver calculated exposure to the future of financial services.”
  • Galaxy Digital’s funds platform, Galaxy Fund Management will also offer its own Galaxy DeFi Index Fund to track the performance of Bloomberg’s, listed under ticker DEFI.
Bloomberg Crypto DeFi partnership
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