New Crypto-Asset Index Launches For Investors in Japan
- The NRI/IU Crypto-Asset Index will be easy to understand as it is based on a transparent methodology.
- The Japanese market will benefit greatly from the expertise of all parties involved in the creation of the index.
The global provider of research and development for digital asset solutions, Intelligence Unit (IU) and MV Index Solutions (MVIS) are joining forces with a leading provider of consulting services and system solutions – Nomura Research Institute (NRI), to launch the NRI/IU Crypto-Asset Index.
MVIS and the leader in digital assets data CryptoCompare provide crypto-asset index platforms, which are not only vital for Japanese financial institutions, but also attract the interest of global investors as well.
MVIS creates, oversees and licenses targeted, investable and diverse financial benchmark indices that are branded with the MVIS logo.
“We are pleased to launch this index for Intelligence Unit and the Nomura Research Institute,” commented the Managing Director at MVIS, Thomas Kettner. “We are happy to offer our services and deep expertise in digital assets indexing to the Japanese market.”
The Nomura Research Institute was founded in 1965 and offers a wide range of system solutions and consulting services, such as management and system integration that span across the retail, financial, manufacturing and service business sectors.
The new NRI/IU Crypto-Asset Index is aimed to be the premier crypto-asset benchmark for institutional investors in Japan. It provides a dependable reference point for evaluating performance. This performance can be easily graded with the help of benchmarks that are built through a transparent and easy-to-understand methodology.
It is created especially for Japanese institutional investors and crypto-asset exchanges by taking into account the local availability, custody solutions, JPY and USD currencies and official closing values in the Japan Standard Time.
The NRI/IU Crypto-Asset Index includes the most popular crypto assets:
- Bitcoin
- Bitcoin Cash
- Ethereum
- Litecoin
- XRP
Established in 2018, Intelligence Unit offers a crypto-asset investment platform for Japanese and global investors.
CEO Akihiro Niimi clarified their goal:
“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. We will bridge the traditional financial world and the crypto-asset world by providing institutional grade crypto-asset benchmarks, further establishing the status of crypto-assets as alternative investments.”
Together with CryptoCompare, IU created a crypto exchange database. CryptoCompare provides real-time data for more than 3,200 coins and 150,000 currency pairs to institutions and retail investors.
Co-Founder and CEO, Charles Hayter noted:
“As part of our collaboration with MVIS, we are excited to offer institutional investors in Japan the first crypto asset investible index.”
- A federal judge ruled that the sale of XRP through exchanges and algorithms did not qualify as selling securities, which could have a major impact on several SEC lawsuits.
- The institutional sale of the token, however, did violate federal securities laws, and the lawsuit between the SEC and Ripple will have to go to trial.
Shutterstock
- The Japanese exchange has adopted new AML measures in order to comply with the Japanese governments implementation of FATF’s Travel Rule.
- Transaction restrictions will be applied to 21 countries that follow the Travel Rule, though transfers to countries not on the list will still be supported.
- There is still no official date for when Binance will re-enter the Japanese market, but Sakura Exchange BitCoin (SEBC) will close doors on 31 May, and reopen as Binance Japan sometime after June.
- Customers in Japan who wished to continue using the exchange under the Binance name will have to undergo new identity verification and KYC checks.