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

Retail FX

eToro valuation halved as SPAC merger deadline expires

The deadline for the completion of the SPAC merger of eToro had passed yesterday, June 30, and the Israeli broker apparently canceled the deal with Betsy Cohen-backed blank-check firm.

Institutional FX

FXSpotStream reports second best figure for monthly volumes

Trading volumes on institutional FX platforms surged in June after fears over the impact of Russia’s military invasion of Ukraine sent speculative asset classes reeling.

Retail FX

Vantage expands MT5 offering with access to new stocks

ASIC-regulated foreign exchange brokerage Vantage has expanded its service offering and trading products by incorporating new markets, namely 14 exchange-based stocks on MetaTrader 5.

Digital Assets

CFTC charges $1.7 billion Bitcoin scam, largest to date

Mirror Trading accepted at least 29,421 Bitcoin from approximately 23,000 investors from the United States and even more throughout the world.

Retail FX

Spotware Systems upgrades cTrader Desktop to version 4.3

Spotware Systems, a technology provider for the electronic trading industry, has launched an updated version of its cTrader Desktop, which adds new functionality to join a roster of advanced trading capabilities.

Digital Assets

OKX launches Block Trading for tighter pricing

With Block Trading, users can integrate spot and derivatives trades on the same platform and trade multiple currencies in a single trade. The service supports trading of perpetual swap, futures, and option contracts with popular altcoins as the underlying.

Industry News

Interactive Brokers pays $1 million to settle with CFTC

Interactive Brokers overcharged its customers a total of $710,828.14.

Metaverse Gaming NFT

DappRadar launches cross-chain token staking

The launch of the cross-chain token staking mechanism by DappRadar comes under a partnership with LayerZero protocol, which enables smart contracts to communicate across different chains.

Digital Assets

Polkadot releases one-stop marketplace for Substrate pallets

Proof-of-stake blockchain Polkadot has achieved a significant feat in its development, as it rolls out Substrate Marketplace, a one-stop shop for exploring the many Substrate pallets currently available.

<