FTSE Russell, a leading global index provider, today announces the launch of its first multi asset,
market cap index series covering the investable digital asset market. The newly launched FTSE Global
Digital Asset Index Series, built in association with the experts at Digital Asset Research (DAR), covers
eight indices from large to micro cap, and is the second FTSE Russell index series based on FTSE
DAR Reference Price data.
The indices monitor 24/7 data and hundreds of exchanges to define the investable universe, segmented
by circulating weight. The FTSE Global Digital Asset Index Series market cap range includes:
• FTSE Digital Asset Index (Large, Mid) [FDALM]
• FTSE Digital Asset All Cap Index (Large, Mid, Small) [FDAAC]
• FTSE Digital Asset Total Cap Index (Large, Mid, Small, Micro) [FDATC]
• FTSE Digital Asset Large Cap Index [FDALC]
• FTSE Digital Asset Mid Cap Index [FDAMC]
• FTSE Digital Asset SMID Cap Index [FDASMC]
• FTSE Digital Asset Small Cap Index [FDASC]
• FTSE Digital Asset Micro Cap Index [FDAMIC]
Arne Staal, CEO at FTSE Russell, a London Stock Exchange Group (LSEG) business, said:
“We are pleased with the progress the FTSE Global Digital Asset Index Series launch represents for
our digital asset capability, as transparency in this asset class becomes more important than ever.
FTSE Russell has taken a measured approach to this frontier investment space and has built a rigorous
and transparent framework, underpinned by robust governance and comprehensive data to meet
investor needs, both where they are now and as they prepare for change in this market.”
The FTSE Global Digital Asset Index Series was developed to provide the data infrastructure and
governance to serve client investment and analysis needs. In the digital asset market, unlike more
established markets, price sourcing is more difficult, making our asset and exchange vetting the
cornerstone of all FTSE Russell digital asset indices. FTSE Russell’s price construction and continued
monitoring play a critical role in the FTSE Global Digital Assets Index Series methodology, providing
the mechanism for rigorous asset and exchange inclusion controls in line with the requirements of the
UK and EU Benchmark Regulation. It all starts with vetting exchanges that contribute to our pricing
data. The process sets standards across 21 criteria1 to assess the multiple factors – technical, operational, regulatory, security, transactional, custodial, and more – that impact institutional quality.
This is followed by further vetting of individual assets, and finally filtering in real time. The price and
index methodology work in tandem to maintain accurate, responsive, and reliable benchmark data for
a wide range of index use cases.
Exchanges are eligible as a digital asset pricing source for the FTSE DAR Reference Price files if they qualify as either Watchlist or Participating. Only Participating exchanges can be used for the regulated benchmarks. Watchlist exchanges need to meet criteria relating to domicile capital rules, minimum daily reported volume and availability of trading data and data science tests.
Participating exchanges need to meet all the Watchlist criteria, as well as additional criteria relating to regulation, governance and technical performance.
Please refer to the Guide to the Vetting of Digital Assets and Digital Asset Exchanges in association with Digital Asset Research available at ftserussell.com/digitalasset.
An LSEG Business 3
For more information please contact:
Hayley Fewster: +44 7855 981021
Tarek Fleihan: +971562162575
Elizabeth Manets: +1 646-794-7689
Silke Marsh: +65 97934140
About FTSE Russell and Digital Asset Research
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it
seeks to enhance the breadth, depth and reach of its offering.
Digital Asset Research (DAR) is a provider of crypto market data, research, and analysis to professional investors. In its partnership with FTSE Russell, DAR acts as an asset specialist, providing digital asset data as well as research on token projects and technologies. Since 2018, FTSE Russell and DAR have worked to align digital asset data with traditional investment infrastructure.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com
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