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HashKey Capital and FTSE Russell Launch Indices Tracking Crypto Assets

Crypto fund manager HashKey Capital, in collaboration with FTSE Russell, a subsidiary of the London Stock Exchange Group (LSEG), has introduced a set of cryptocurrency indices. This announcement was made on January 24, as per a release shared with Cryptonews.

The jointly developed crypto indices, now available on the FTSE Russell website, offer traders the capability to track portfolios of digital assets designed to align with various investment strategies.

Indexes Will Track Top Crypto by Market Cap

Among the key offerings, the FTSE Custom Digital Asset Top 20 Index stands out, as it tracks the top 20 cryptocurrency assets based on their market capitalization. This index provides an accurate representation of over 90% of the overall performance of the digital asset market.

The FTSE Custom Digital Asset Infrastructure Index focuses on digital assets that form the infrastructure layer of the cryptocurrency ecosystem. This category includes smart contract platforms, protocol interoperability solutions, and distributed computation and storage technologies.

On the other hand, the FTSE Custom Digital Asset Application Index tracks digital assets associated with application functionalities across the digital asset ecosystem. These assets are typically linked to staking mechanisms and decentralized finance (DeFi) applications.

Starting from January 24, these indices will be accessible on the FTSE Russell website, with plans for future availability through prominent data providers such as Bloomberg, Factset, LSEG Data & Analytics, Morningstar, and S&P Capital IQ.

HashKey Capital Eyes Global Expansion this Year

In recent developments, HashKey Group successfully secured nearly US$100 million in Series A funding this month, attaining unicorn status. The company’s COO, Weng Xiaoqi, emphasized the significant role played by the institutional market in their business strategy for the upcoming year. HashKey Group plans to provide custody, trading, and related services specifically for virtual asset spot ETFs in Hong Kong.

As part of their expansion efforts, the company is actively collaborating with various funds to facilitate the development of virtual asset spot ETFs. Additionally, they intend to broaden their services to encompass banks and securities firms, while simultaneously expanding their household registration business.

In a bid to attract overseas retail investors, HashKey Group is preparing to apply for licenses in global regions. Further details on their progress are anticipated to be announced in April, as Weng informed local media outlets.

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I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

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