Nasdaq Launches Decentralized Finance Index For Digital Assets
Major United States stock exchange Nasdaq has unveiled a blockchain decentralized finance (DeFi) index Defix (DEFX). According to a Defix press release published on Sept. 9, brokerage firm Exante streamlined the launch of the Defix index.
A disparate group of crypto assets
The index includes crypto assets of projects such as the one of Proof-of-Work blockchain Amoveo (VEO), decentralized exchange protocol 0x (ZRX), prediction market Augur (REP). Also the governance token of the decentralized autonomous organization behind the DAI stablecoin and MakerDAO (MKR).
Amoveo main developer Zack Hess commented on the development:
“[I am] glad to see increased awareness being brought to decentralized finance projects.”
A broker specialized in crypto funds
Exante launched its Bitcoin (BTC) fund in 2012. Notably, the fund reportedly totaled an overall return of investment of 70,000% since its inception.
Furthermore, the firm also released the XAI fund, composed of six major altcoins Ether (ETH), Ethereum Classic (ETC), Monero (XMR), XRP and Zcash (ZEC).
Elwood Asset Management — owned by British billionaire and Brevan Howard founder Alan Howard — is planning a $1 billion venture into the crypto hedge fund space.