Anchorage Digital, a regulated digital asset firm and the first digital asset bank, has been chosen as the core custodian for the Nasdaq Crypto Index (NCI), according to a company post.
Anchorage states that it was selected due to its ability to manage billions of dollars in digital assets and the fact that institutions can immediately trade positions with some of the fastest SLAs in the industry.
Diogo Mónica, President and Co-Founder at Anchorage Digital, said:
“We’re proud to provide custodial support for Nasdaq’s flagship digital asset index offering. Anchorage was built to enable institutional investment in digital assets, and Nasdaq’s Crypto Index provides a trusted on-ramp.”
The NCI tracks the crypto ecosystem with the performance of a diverse basket of traded digital assets including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Chainlink (LINK), Uniswap (UNI), Bitcoin Cash (BCH), Stellar Lumens (XLM), The Sandbox (SAND), Axie Infinity (AXS), and Filecoin (FIL).
NCI was introduced in February 2021 as Nasdaq’s first digital asset index providing a benchmark for institutional investment.
The company explains that approved asset managers will be able to choose Anchorage as a core custodian providing investment-grade infrastructure to support any NCI tracking product.
Anchorage Digital is a regulated platform that provides institutions secure participation in digital assets and is the first federally chartered crypto bank.