The major United States based stock exchange NASDAQ lists a new finance index based on digital assets – something that is all over many best cryptocurrency news sites today. The index is called Defix (DEFX) and according to an official press release published on September 9, the brokerage firm Exante was the main company which streamlined the launch of this index.
“Speculators and onlookers alike can view the Defix index which is now archived by NASDAQ under the ticker DEFX, an abbreviation for ‘Decentralized Finance Index.’ Zack Hess, the main developer for Amoveo, stated that “[he is] glad to see increased awareness being brought to decentralized finance projects” and would like to “give everyone access to modern financial tools.”
As reported in the latest cryptocurrency news, NASDAQ lists an index which includes crypto assets of projects such as the ones belonging to Proof-of-Work blockchain Amoveo (VEO), the decentralized exchange protocol 0x (ZRX), the prediction market Augur (REP), the governance token of the organization behind the DAI stablecoin and MakerDAO (MKR) etc. As the main developer at Amoveo named Zack Hess said:
“[I am] glad to see increased awareness being brought to decentralized finance projects.”
For those of you who don’t know or are not following our altcoin news, Exante launched the Bitcoin (BTC) fund in 2012. The fund reportedly totaled an overall return of investment of 70,000% since its inception.
The company also released the XAI fund which was composed of major altcoins including Ether (ETH), Ethereum Classic (ETC), Monero (XMR), XRP and Zcash (ZEC). The news that NASDAQ lists a digital asset index spread like wildfire all over the Internet.
“In the future, consumers will have the ability to invest in the index through a Defix fund, granting exposure to decentralized finance blockchain projects through a secure, financially accredited agency. Defix fund will be available at EXANTE platform,” the press release summed up.
Meanwhile, other reports in the coming altcoin news show that Elwood Asset Management – a firm owned by the British billionaire and founder of Brevan Howard named Alan Howard – is reportedly planning a $1 billion venture in the crypto hedge fund space.
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