The world’s leading index provider S&P Dow Jones Indices, a division of financial data provider S&P Global Inc, plans to introduce crypto currency indices in 2021. To do so, the company is entering into a partnership with the US blockchain data provider Lukka.

S&P Dow Jones Indices is the largest global resource for index-based concepts and financial market indicators such as the S&P 500 and the Dow Jones Industrial Average. As the market for investments in crypto assets has evolved over the last few years, investor interest in benchmarking and index-based solutions has increased. It has also intensified the need for reliable price data.

Emerging asset class meets benchmarks

In the press release, the companies describe Bitcoin and altcoins as an “emerging asset class”.

With digital assets such as crypto currencies becoming a rapidly emerging asset class, the time is right for independent, reliable and user-friendly benchmarks. We’re excited to work with Lukka, who has been at the forefront of digital asset data services, to promote more transparency in this nascent sector.

Peter Roffman, Global Head of Innovation and Strategy / S&P Dow Jones Indices

Data of over 550 coins

The S&P DJI index products will be based on the data of the New York-based company Lukka, which manages more than 550 of the most traded coins. S&P’s clients will have the opportunity to create customized indices and other benchmarking tools for cryptocurrencies.

Our collaboration with S&P DJI is yet another milestone that bridges the gap between the crypto asset ecosystem and traditional financial services

Robert Materazzi, Lukka CEO

*Originally posted by CVJ.CH