SINGAPORE, Oct. 3, 2022 /PRNewswire/ -- Antalpha
Capital Pte. Ltd. ("Antalpha") has signed a licensing agreement to
use the S&P Cryptocurrency Top 10 Index (Singapore Close),
newly launched by S&P Dow Jones Indices ("S&P DJI"), on a
basis exclusive to its index fund product in the Asia Pacific, Middle
East, and Africa
regions.
The S&P Cryptocurrency Top 10 Index (Singapore Close) seeks
to track the performance of the top 10 cryptocurrencies from the
S&P Cryptocurrency Broad Digital Market Index, consisting of
the two largest and most liquid coins – Bitcoin and Ethereum – plus
eight additional coins, weighted by market capitalization. A
risk-controlled variant – the S&P Cryptocurrency Top 10 Dynamic
Rebalancing Risk Control 40% Index (Singapore Close) (USD) – will
also be available.
The licensing agreement with S&P DJI grants Antalpha the
right to use the index for Antalpha's first product, the Antalpha
S&P Cryptocurrency Top 10 Index Fund. As a passively managed
fund, it seeks to provide investment results that, before expenses,
correspond generally to the price performance of the S&P
Cryptocurrency Top 10 Index (Singapore Close). A subsequent fund
will also be launched based on the risk-controlled variant.
'With growing interest in digital assets alongside increasing
regulation, more emphasis has been placed on greater transparency
and institutional quality products by potential investors. The
licensing agreement with S&P DJI enables us to offer an
investment product for professional investors to gain exposure to
the growing cryptocurrency market through an index maintained by
one of the most reputable brands in traditional finance' said Mr.
Max Liao, Managing Director of
Antalpha group. 'Moreover, as part of our goal to enhance trust for
clients, we work with industry-leading advisors and regulated
platforms in accordance with the highest standards.'
"We are pleased to have licensed the S&P Cryptocurrency Top
10 Index Singapore Close to Antalpha to serve as the underlying
index for their investment product," said Sharon Liebowitz, Head of Innovation at S&P
Dow Jones Indices. "As an independent index provider, S&P Dow
Jones Indices strives to strengthen transparency across all
segments of the global financial market including digital
assets."
About the Antalpha group:
The Antalpha group is a digital asset financial services
provider whose business scope includes asset management, crypto
lending, crypto mining financing, trading, and venture
capital. Antalpha strives to be a source of reliability,
trust, and innovation, enabling delivery of digital asset solutions
with best-in-class service providers that adhere to exacting
standards for security, regulation, and compliance.
In addition to servicing family offices and high net-worth
individuals, Antalpha is a trusted counterparty of institutional
clients ranging from banks and corporate treasuries to
cryptocurrency miners.
Antalpha's website: http://www.antalpha.com
Disclaimer:
The S&P Cryptocurrency Top 10 Index (Singapore Close) is a
product of S&P Dow Jones Indices LLC or its affiliates
("SPDJI") and has been licensed for use by Antalpha Capital Pte.
Ltd. ("Antalpha"). S&P®, "S&P 500®, US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC
("S&P"); Dow Jones® is a registered trademark of Dow Jones
Trademark Holdings LLC ("Dow Jones") and has been licensed for use
by S&P Dow Jones Indices; and these trademarks have been
licensed for use by SPDJI and sublicensed for certain purposes by
Antalpha. Antalpha's investment product is not sponsored, endorsed,
sold or promoted by SPDJI, Dow Jones, S&P, their respective
affiliates, and none of such parties make any representation
regarding the advisability of investing in such product(s) nor do
they have any liability for any errors, omissions, or interruptions
of the S&P Cryptocurrency Top 10 Index (Singapore Close).
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