Kaiko obtains AMF approval to launch crypto asset benchmarks acquired from CoinShares

Rick Steves

Kaiko Indices will launch a number of indices in the coming months to cater to the substantial institutional client demand for regulated products.

Kaiko has agreed to acquire Napoleon Index from European digital asset management firm CoinShares.

The cryptocurrency market data provider for institutional investors and enterprises will use Napoleon Index to launch a suite of regulated, single-asset and multi-asset crypto asset benchmarks for institutional investors. named Kaiko Indices.

The French financial watchdog, Autorité des marchés financiers (AMF) has already approved the firm’s plan to launch Kaiko Indices and conduct benchmark administration under the EU Benchmark Regulation (BMR) on the 25th of April 2022.

Ex-IHS Markit Alexandre Ruggeri to head Kaiko Indices

At the helm of Kaiko Indices will be index design and commercialization specialist Alexandre Ruggeri, who joins Kaiko from IHS Markit.

At IHS Market, he managed the company’s equity index initiative with the transition of services acquired from Euromoney, and the launch of 2,000 benchmark indices regulated by the FCA.

Prior to that, he held the position of Index Development Manager at STOXX in Frankfurt-am-Main and London, where he specialized in the design of Smart Beta strategies, optimised for structured products and ETFs.

Ambre Soubiran, Chief Executive Officer of Kaiko, said: “We are delighted to have launched Kaiko Indices and to be licensed under the Benchmarks Regulation by AMF in the ESMA framework. Compliance and regulation are critical to the success of the crypto and blockchain industry and we welcome efforts to introduce regulatory standards that maintain market integrity, transparency, security and investor protection.”

Acquiring Napoleon Indices complements Kaiko’s existing product suite for institutional investors and financial institutions and will offer the potential for significant growth in its customer base.

With Kaiko Indices all set up, the firm will launch a number of indices in the coming months to cater to the substantial institutional client demand for regulated products.

Earlier this year, Kaiko acquired Kesitys, a provider of quantitative decision tools for risk optimization, as part of the firm’s strategy to grow its regulated product suite.

Read this next

Education, Inside View

The Power of Public Relations in Finance: Shaping Perceptions & Building Reputation

It’s safe to say that the finance industry has faced its share of reputation crises over the years, from the 2008 financial collapse to the many scandals around irresponsible lending, political corruption, and even Ponzi schemes. 

Digital Assets

Crossover’s crypto ECN executed over $3 billion in Q1 2024

“Our growth is also driving continued increases in the percentages of trades that are ‘Order Crossing Order’ (OXO). Currently, roughly 10% of all trades executed on CROSSx are OXO, another differentiator in our platform’s capacity. This capacity and our unique execution model provide value to both the market maker and taker, as evidenced by our commercial model.”

blockdag

BlockDAG’s Explosive Presale Hits $20.3M In April Swaying Investors From XRP’s Price Trends Upward, & Polygon’s NFT Market

Learn about BlockDAG’s impressive $20.3M presale results, XRP’s price increase prospects, and the booming NFT market on Polygon among the top 10 cryptocurrencies.

Retail FX

Financial Commission warns of Eplanet Brokers

The Financial Commission, a self-regulatory compliance specialist for the financial services industry, is ramping up its scrutiny of unregulated brokerage firms. Today, the independent association warned against a company called Eplanet Brokers.

Retail FX

Dubai crypto exchange steps into prop trading

Dubai-based cryptocurrency trading platform, CoinW Exchange, marked its sixth anniversary by announcing a rebranding initiative and launching a proprietary trading product.

Fintech

Bitcoin payments app Strike launches in Europe

Bitcoin blockchain-based payments app Strike launched in Europe on Wednesday, allowing users in the region to buy, sell, and withdraw bitcoin (BTC).

Chainwire

Bandit Network’s Points SDK and Brave Ads Power Astar zkEVM’s Quest Platform “Yoki Origins”

“Yoki Origins,” supported by Bandit Network and Brave Ads, introduces a gamified and rewarding experience for Astar zkEVM users, marking a significant milestone in Web3 adoption.

Digital Assets

Crypto ETFs to debut in Hong Kong next week

Hong Kong has authorized six cryptocurrency-based spot ETFs set to launch on April 30, according to Bloomberg.

blockdag

BlockDAG Among The Best New Crypto To Invest In Post 8 Billion Coins Sales; More On Bitcoin Cash Futures’ Launch & Solana Positive Predictions

Explore Solana’s ATH predictions to see whether it can rise after a $17B dip? BlockDAG sells 8 billion coins in presale as Bitcoin Cash Futures launch.

<