MV Index Solutions GmbH (MVIS) and crypto market data aggregator CryptoCompare have announced the licensing of their digital assets indices to cryptocurrency exchange Bitpanda for the launch of their first regulated product.
According to the press release published on October 6, Vienna-based exchange Bitpanda has licensed the collaborative products of MVIS and CryptoCompare as the underlying indices for their first regulated product.
The exchange, first founded in 2014, is on a mission to “democratize the complex world of investing” while pushing for greater financial transparency. Bitpanda intends to leverage the MVIS CryptoCompare Digital Assets 5, 10 and 25 Indices to track the performance of the largest and most liquid crypto-assets.
Steven Schoenfeld, CEO of MV Index Solutions, said he was pleased to announce the licensing agreement with Bitpanda.
He said,
Our pioneering digital asset index capabilities continue to lead the industry, and the launch of new tracking products from Bitpanda will fulfil the needs of institutional investors and further strengthen the status of digital assets as an asset class.
CryptoCompare Co-Founder and CEO Charles Hayter said the companies were excited to “progress the growth” of innovative digital asset products.
He continued, saying MVIS and CryptoCompare looked forward to expanding the availability of high-quality, institutional-grade products to even more partners.
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