AlphaPoint, a U.S.-based blockchain company focused on enabling institutions to launch, scale, and operate digital asset networks and exchanges all over the world, announced on Thursday it is planning to launch AlphaPoint Indexes, which represent the statistical performance of the broadest sector of cryptocurrency markets.
AlphaPoint reported that it is creating the definitive source for benchmarking the performance of digital assets. The company’s initial indexes will represent the highest valued cryptocurrencies and the most liquid cryptocurrencies, which are the following:
- AlphaPoint Leaders Index (APLDRS): Consists of the largest 8-15 tokens covering approximately 80% of the global cryptocurrency market capitalization. APLDRS will reflect the highest valued crypto assets
- AlphaPoint Fast Movers Index (APFMRS): Comprises the top 8-15 tokens by trading volume, covering approximately 80% of global cryptocurrency market volume. APFMRS will reflect the most liquid crypto assets
AlphaPoint went on to also report that in addition to it enabling asset managers and other industry participants to benchmark performance against the broader cryptocurrency market, AlphaPoint Indexes may also be licensed to create derivative products. Salil Donde, AlphaPoint CEO, stated:
“We are excited to offer a transparent, rules-based index which we believe will become the definitive benchmark in the industry. AlphaPoint’s network of customer exchanges is unrivaled and offering data-enabled tools is the next logical arena where we can help institutions drive additional liquidity.”
Donde then added:
“Just like our asset digitization and exchange technology, our data-enabled tools will create opportunities for institutions to offer new products and ultimately, for crypto and digital assets to be accessible to a wider set of industry participants.”