S&P Dow Jones launches crypto index with Lukka
S&P Dow Jones Indices (S&P DJI), the world’s leading index provider, is launching global cryptocurrency asset index capabilities with Lukka, a leading New York City-based crypto asset software and data company. S&P DJI will provide S&P DJI-branded and customized indexing and benchmarking solutions supported by Lukka’s proprietary crypto asset pricing data.
As the market for cryptocurrency assets has evolved in recent years, investor interest in benchmarking and index-based solutions based on crypto and blockchain assets has grown and reinforced the need for reliable pricing data. S&P DJI is utilizing a variety of Lukka’s aggregated data services including Lukka Reference Data and Lukka Prime, the world’s first Fair Market Value-focused pricing methodology for crypto assets.
These new cryptocurrency index capabilities will make it easier for investors to access this emerging technology-driven asset class while potentially mitigating some of the common risks associated with this traditionally speculative market. S&P DJI’s well-established index governance and independence can provide diversified exposure from a series of branded and custom indices supported by Lukka’s institutional quality data.