ZUG, Switzerland (March 25, 2024) — STOXX Ltd., part of the ISS STOXX GmbH group of companies and a leading provider of benchmark and custom index solutions to global institutional investors, has licensed the STOXX Digital Asset Blue Chip Index to Valour Inc. The index, which marks STOXX’s entry into the digital asset space, will serve as an underlying for an exchange traded product (ETP) listed on Xetra, a leading trading venue for ETFs & ETPs in Europe. The index was developed in partnership with crypto-financial services provider Bitcoin Suisse.
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Sarah Ball
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“Investors are clearly allocating significantly more to alternative asset classes to diversify their portfolios. That’s why we are moving into an investment segment that’s increasingly gaining a foothold in portfolios. With Bitcoin Suisse, we do this with an established partner and with an index methodology designed to meet the robustness needs of today’s investors.”
Axel Lomholt, General Manager at STOXX
The STOXX Digital Asset Blue Chip Index tracks a diversified and high-quality basket of assets, utilizing crypto-native metrics to select those which serve as a reflection of the crypto universe today. The list of eligible tokens is derived from all assets classified under the Bitcoin Suisse Global Crypto Taxonomy (GCT). Selection is based on a multi-step procedure which seeks to identify the strongest and most representative assets in each eligible sector. A market capitalization weighting scheme with a cap of 30 percent limits exposure to typically dominant tokens such as Bitcoin and Ethereum.
“With its maximum weighting limit of 30 percent for any individual crypto underlying, the new ETP is as unique vehicle to enter into the crypto world with just one position in your portfolio.”
Marco Infuso, Chief Sales Officer of Valour
“With the launch of this unique blue chip crypto index in collaboration with STOXX, we are taking the next step in the development of our digital assets offering. With its rule-based asset selection, the STOXX Digital Asset Blue Chip Index is Europe’s first investment alternative to pure top market cap crypto asset strategies. Bitcoin Suisse is proud to partner with STOXX to drive innovation further in the crypto- and traditional space.”
Andrej Majcen, Chief Executive Officer at Bitcoin Suisse
About STOXX
STOXX® and DAX® indices comprise a global and comprehensive family of more than 17,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50®, STOXX® Europe 600 and DAX®, the portfolio of index solutions consists of total market, benchmark, blue-chip, sustainability, thematic and factor-based indices covering a complete set of world, regional and country markets. STOXX and DAX indices are licensed to more than 550 companies around the world for benchmarking purposes and as underlyings for ETFs, futures and options, structured products, and passively managed investment funds. STOXX Ltd., part of the ISS STOXX group of companies, is the administrator of the STOXX and DAX indices under the European Benchmark Regulation.
About ISS STOXX
ISS STOXX GmbH, through its group companies, is a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements. With roots dating back to 1985, we today deliver world-class benchmark and custom indices across asset classes and geographies and serve as a premier source of independent corporate governance, sustainability, cyber risk, and fund intelligence research, data, and related offerings. Our products and services give clients the scale and leverage they need to grow their business more effectively and efficiently. ISS STOXX, which is majority owned by Deutsche Börse Group, is comprised of more than 3,400 professionals operating across 33 global locations in 19 countries. Its approximately 6,400 clients include many of the world’s leading institutional investors who turn to ISS STOXX for its objective and varied offerings, as well as companies focused on ESG, cyber, and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS STOXX’s expertise to help them make informed decisions to benefit their stakeholders.
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