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.

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