FTSE Russell partners with SonarX to launch crypto index

FTSE Russell, a leading world index supplier, has teamed up with the Sonarx blockchain data infrastructure company to extend its digital asset offers.

This partnership Will integrate data from more than 100 blockchains, including the fundamentals of the network, the tokens supply, the development and Challenge Metrics, in the financial clues and data products from FTSE Russell.

Collaboration reflects an increasing thrust to integrate blockchain data into traditional financial systems. FTSE Russell plans to take advantage of Sonarx data to create indices specially designed for institutional investors, meeting the growing demand for exposure to digital assets.

FTSE Russell, based in London, is renowned for creating indices that follow various aspects of the British financial markets. Its flagship index, the FTSE 100, monitors the 100 largest companies in the United Kingdom by market capitalization and operates in a similar way to S&P 500 in the United States

Crypto index

The indications serve as benchmarks to follow market performance or specific asset classes, offering investors a standardized means of measuring growth and allocating funds.

“The clues are the cornerstone of effective financial markets, and high quality data is the foundation on which it is built,” said Jessetein, global Sonarx business development manager.

This partnership underlines how traditional finance adapts to emerging technologies. Blockchains, decentralized digital books that feed cryptocurrencies like Bitcoin, are an integral part of the financial ecosystem.

Decentralized financial uses blockchain To provide financial services without banks. By integrating blockchain data into the indices, FTSE Russell aims to make digital asset markets more accessible to investors.

The collaboration highlights the growing maturity of the role of blockchain in global finance, mixing Sonarx’s expertise in blockchain data with the reputation of FTSE Russell in financial indexing. This decision could open up new investment opportunities in the digital economy.