The financial information provider, together with Galaxy Digital, will monitor the quotes of Uniswap, Aave, Maker, Compound, Yearn, Sushi and other digital coins from the field of decentralized finance.
Bloomberg, one of the leading American financial information providers , will partner with Galaxy Digital to create a new cryptocurrency index that will track nine DeFi project tokens.
DeFi is financial instruments in the form of services and applications built on the blockchain.
The main goal of decentralized finance is to become an alternative to the banking sector and replace traditional technologies of the financial system with open source protocols.
The new crypto index will track Uniswap, Aave, Maker, Compound, Yearn, Sushi and other tokens. The index will also be used for a passively managed fund that Galaxy Digital plans to create in the future.
In July, leading stock index provider S&P Dow Jones Indices announced the launch of the new S&P Cryptocurrency Broad Digital Market (BDM) Index, which will track 240 digital coins.
Galaxy Digital is a digital asset management company founded in 2018 by Mike Novogratz after leaving Goldman Sachs. Galaxy Digital has been listed on the Toronto Stock Exchange on July 6, 2020.
