Nasdaq Lists Index of DeFi Projects Including MakerDao, Ox

US stock exchange Nasdaq has added a new crypto index projecting the market performance of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term projects developing decentralized finance (DeFi) solutions.

Announced on Monday, the index will track “real-time” information of major DeFi projects, including Augur, MakerDAO, Amoveo, and 0x.

Dubbed DeFix, the index was developed by London-based brokerage firm Exante. It will be shown on Nasdaq under the ticker symbol of DEFX. In addition, traders can also track the index on TradingView and Google, with the possibility of future listing on Yahoo Finance as well.

“DeFiX is the first altcoin index that reflects the dynamics of the most promising blockchain projects working in decentralized finance: Augur, Gnosis, Amoveo, Numerai, Maker, 0x,” Nasdaq stated.

Available on the Nasdaq Global Index Data ServiceSM (GIDS), the index will update its data every 60 seconds.

An old player of the crypto industry

Exante is the operator of one of the oldest crypto funds called Bitcoin Fund. The company launched it in 2012 when the digital currency was trading at the value of peanuts. Since its inception, the fund overalled a total return on investment of 70,000 percent. The company also launched another fund with a basket of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, including Ethereum, Litecoin, and Monero.

Exante is also planning to launch a fund based on the DeFix index in the future and assured it would provide investment opportunities through “a secure, financially accredited agency.”

This is not the first listing of a crypto-related index on Nasdaq. In June, the exchange partnered with CryptoCompare, a digital asset data provider, to launch a cryptocurrency pricing product to enable institutional investors to monitor the nascent digital asset class and assess investment opportunities.

Meanwhile, the exchange is also lending its surveillance technology to various digital asset exchanges to monitor real-time trading activity and raises alerts with the exchange if it discovers unusual trading activity.