S&P Dow Jones Indices announced the introduction of benchmarks for digital assets such as cryptocurrencies. The company says the time is “ripe”.
Crypto-savvy Wall Street traders will soon have access to new tools for evaluating cryptocurrencies. To this end, S&P Dow Jones Indices, a leading global index creator with over 100 years of experience, has teamed up with the New York start-up Lukka. This emerges from a joint press release by the companies on December 3rd. Thereafter, the cooperation is to serve the growing demand from investors for benchmarking and index solutions for blockchain assets. Bitcoin and Co. are a “rapidly developing asset class” and the “time is ripe for independent, reliable and user-friendly benchmarks”, says Peter Roffmann, Global Head of Innovation and Strategy at S&P Dow Jones Indices.