Switzerland-based Compass Financial Technologies has unveiled an index for institutional clients that tracks ten Decentralized Finance cryptocurrencies.
Compass Crypto Basket Fundamental DeFi Index offers exposure in the tokens weighted on liquidity, protocol revenue, and market cap.
The maximum weighting for each digital asset is maintained at 35%, where a new group of assets is selected monthly. Compass has added over 20 approved tokens, including AAVE, UNI, SUSHI, and COMP.
CCBFDEFI is available on Compass website, Bloomberg, and Refinitiv. The product is compliant with the EU Benchmark guidance. The index is also available for use under Compass Financial Technologies License.
The firm’s CEO, Guillaume Le Fur, notes that the institutional interest in cryptocurrency is rising and companies are searching for regulated products.
Compass Financial Technologies was launched in 2017 to provide cryptocurrency services, indices, and real estate. The firm manages about $5 billion in investments.