Largest Japanese Consulting Firm Launches Crypto Index Pasaric
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29 January
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Japanese largest consulting platform Nomura Research Institute (NRI) in collaboration with a global provider of quantitative research and development Intelligence Unit (IU) announced the launch of the crypto-focused index for financial institutions.

According to the official press release, the NRI/IU Crypto-Asset Index will be based on data provided by MV Index Solutions (MVIS) and CryptoCompare and evaluate performance by providing benchmarks constructed with a clear and transparent methodology.

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The index is reportedly designed for Japanese institutional investors in the first place and crypto-asset exchanges by considering local availability, JPY and USD currency.

Intelligence Unit CEO Akihiro Niimi says high demand from investors in crypto-related data is contributing to the growth of crypto funds.

"We will bridge the traditional financial world and the crypto-asset world by providing institutional grade crypto-asset benchmarks, further establishing the status of crypto-assets as alternative investments," he added.

Earlier iHodl reported that the Shenzhen Stock Exchange added an index of 50 blockchain companies. The companies listed in the index are ranked according to their average daily market value.

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