CoinDesk Indices and Truvius to launch investable portfolios tracking digital asset indices
“By introducing access to crypto sectors, CoinDesk Indices and Truvius are not only expanding opportunities for investors but also pushing the boundaries of digital asset investment strategies.”
CoinDesk Indices (CDI) has partnered with Truvius, a provider of thematic digital asset portfolios constructed for institutions and individuals that is backed by Galaxy Digital’s venture team.
The collaboration will deliver a digital asset investment “first” to allow direct investing access to portfolios managed by Truvius tracking CDI’s crypto sector indices.
Democratizing access to nuanced digital asset investment strategies
CoinDesk Indices’ digital asset classification expertise will be combined with Truvius’s systematic theme-driven process to offer clients investable, automated, and highly innovative portfolios tracking digital asset indices, said the announcement.
These portfolios that track digital asset indices will allow customization, including the ability to allocate to model portfolios tracking multiple indices.
Connor Farley, CEO and Co-Founder of Truvius, said: “We are thrilled to collaborate with CoinDesk Indices in offering a groundbreaking investment solution. Our institutional quality, transparent sophistication, and fiduciary focus, coupled with CDI’s trusted expertise, will enable clients to directly participate in the growth potential of crypto sectors. This partnership exemplifies our commitment to constant innovation and broadening access to thoughtfully constructed digital asset products for all investors.”
Andy Baehr, CFA, Managing Director at CoinDesk Indices, commented: “We are excited to work with the exceptional team at Truvius to help them generate innovative and forward-thinking products to improve and democratize access to nuanced digital asset investment strategies. CDI’s meticulously constructed and market-tested index methodologies provide a strong foundation for the Truvius platform for both benchmarking and direct exposure to index-based portfolios.”
Investing in computing, culture & entertainment, currency, DeFi, and smart contracts
The sectors that will soon be available on the Truvius platform include computing, culture & entertainment, currency, decentralized finance (DeFi), and smart contract platform represented by the following CDI indices:
CoinDesk Computing Select Index (CPUS)
CoinDesk Culture & Entertainment Select Index (CNES)
CoinDesk Currency Select Index (CCYS)
CoinDesk DeFi Select Index (DFX)
CoinDesk Smart Contract Platform Select Index (SCPX)
The sectors are based on CDI’s Digital Asset Classification Standard (DACS), which evaluates and categorizes thousands of digital assets into distinct sectors monthly.
The constituents within these sectors then go through a screening process to meet certain trading and custody requirements. Those that meet the criteria form the crypto sector indices, designed to measure the market capitalization weighted performance of some of the largest and most liquid digital assets.
Steve Kurz, Global Head of Asset Management at Galaxy, said: “By introducing access to crypto sectors, CoinDesk Indices and Truvius are not only expanding opportunities for investors but also pushing the boundaries of digital asset investment strategies. This collaboration is a testament to their collective vision and expertise in driving the market forward in a thoughtful and careful manner.”