Nasdaq Lists Decentralized Finance Index for Digital Assets

Major United States stock exchange Nasdaq has unveiled a blockchain decentralized finance index called Defix (DEFX).

According to a Defix press release published on Sept. 9, brokerage firm Exante streamlined the launch of the index.

A disparate group of crypto assets

The index includes crypto assets of projects such as those belonging to Proof-of-Work blockchain Amoveo (VEO), decentralized exchange protocol 0x (ZRX) and prediction market Augur (REP), as well as the governance token of the decentralized autonomous organization behind the DAI stablecoin and MakerDAO (MKR). 

Amoveo main developer Zack Hess said:

“[I am] glad to see increased awareness being brought to decentralized finance projects.”

A broker specialized in crypto funds

Exante launched its Bitcoin (BTC) fund in 2012. Notably, the fund reportedly totaled an overall return of investment of 70,000% since its inception. 

Furthermore, the firm also released the XAI fund, composed of major altcoins including Ether (ETH), Ethereum Classic (ETC), Monero (XMR), XRP and Zcash (ZEC).

As Cointelegraph reported at the end of August, Elwood Asset Management — owned by British billionaire and Brevan Howard founder Alan Howard — is planning a $1 billion venture into the crypto hedge fund space.