Vienna Stock Exchange distributes crypto index of LIMEYARD & Decentriq
As of today, the Vienna Stock Exchange will distribute the first crypto index calculated by the LIMEYARD joint venture in cooperation with Decentriq, a pioneer in bringing distributed ledger technology and modern finance together, via its internationally recognized infrastructure. The central data feed of the Vienna Stock Exchange reaches around 250 data customers from 68 countries.
The LIMEYARD Crypto Asset Index (LYCAI), calculated in USD (Bloomberg-Code: "LYCAI2UP Index") and Bitcoin (Bloomberg-Code: "LYCAI2BP Index"), consists of the top 20 crypto assets and is distributed realtime by the Vienna Stock Exchange. The composition of the index is rebalanced on a monthly basis to ensure maximum agility. In addition, the crypto index provides investors with maximum transparency by using public information only and rule-based working methods. An independent advisory committee ensures that the index continues to meet investors' requirements. The crypto index only contains crypto currencies that meet the highest standards in terms of security precautions.
"As the central capital market infrastructure, an important role of the Vienna Stock Exchange is to take up new developments and thereby always act transparent. One of our strengths is the well-established network within Europe. We would also like to supply this established network with innovations from our joint venture partner LIMEYARD," says Christoph Boschan, CEO of Wiener Börse AG and its holding company CEESEG AG.
Patrick Valovic, founder and Managing Partner of LIMEYARD explained: "LIMEYARD is very pleased to launch this highly innovative index, the first crypto- benchmark that fairly represents the entire market, making sure that our clients can take advantage of the unprecedented opportunities this asset class is offering."
Stefan Deml, Co-Founder of Decentriq, commented: "We're delighted to join forces with LIMEYARD, combining our knowledge of the crypto market and their decades of experience in the index business, to build the first index representing so well the nascent, yet growing crypto asset class."