Nomura Research Institute To Launch A Tradable Cryptocurrency Index
Nomura Research Institute To Launch A Tradable Cryptocurrency Index
January 30, 2020
Nomura Research Institute To Launch A Tradable Cryptocurrency Index
Nomura Research Institute To Launch A Tradable Cryptocurrency Index
January 30, 2020

Nomura Research Institute (NRI), the leading consulting firm of Japan, partnered with Intelligence Unit (IU), a cryptocurrency investment solution provider, to launch a tradable cryptocurrency index.

On January 29, it has been reported that the new index’s name is NRI/IO Crypto-Asset Index and it is meant for use by financial institutions. The index also draws data from MVIS, the crypto index platform; and CryptoCompare, the major cryptocurrency data platform.     

However, the dedicated website explains that the index is meant to cover global crypto markets in U.S. dollars and Japanese yen by tracking the largest cryptocurrencies. The index was designed for Japanese institutional investors with consideration for local availability and custody solutions.

The NRI/IO Crypto-Asset Index is rebalanced monthly and tracks the performance of a pre-defined basket of crypto assets and will be tradable in dollars and yen on NRI’s platform. The index includes Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC) and XRP.

ALSO READ :  Hong-Kong Based Blockchain Startup Bitspark Shuts Down

Akihiro Niimi, the CEO of IU, commented:

“Strong demand from institutional investors is contributing to the growth of crypto-asset funds, and well-diversified products like index funds are attractive as alternative investments.”

Likewise, Backtested performance statistics shown on the website claim that the year-to-date performance is 33.91%, the one-year performance is 104.86% and the three-year return is 2,211.26%. 

NRI is an affiliate of Japanese financial services giant Nomura Holdings, which has embraced blockchain technology and offers several services related to crypto-assets.

In October 2019, Nomura Holdings and Line, the popular Japanese messaging app, announced a final capital alliance agreement focused on blockchain technology. 

Similarly, in May 2018, Nomura rolled out cryptocurrency custodial services at its banks.

Thus, according to Nomura, the custody service aimed to address a perceived shortage of “safekeeping solutions” which were preventing traditional asset managers from building investment vehicles in the crypto ecosystem.

Source: |


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Coinbase Active Users Increase By 120%

Coinbase Active Users Increase By 120%

The active users of Coinbase, the major cryptocurrency exchange, have increased by 120%, while trade volumes tripled. It has been reported according to documents filed with the US Securities and Exchange...

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.