Morningstar Indexes and DIA Build Indexes for Institutional Investors
November 25 2021 - 10:00AM
NEWSBTC
New DIAx Reference Prices and Indices provide transparent and
regulatory compliant performance measures for individual digital
assets and baskets of digital assets, calculated by Morningstar
Indexes, part of Morningstar, Inc. DIA, the open-source data
platform for decentralised finance, together with global benchmark
provider Morningstar Indexes, part of Morningstar, Inc., today
announced the release of ‘DIAx’ – regulatory compliant reference
prices and indices that will enable investors to benchmark and
access digital assets via traditional markets. The DIAx family
initially comprises benchmark reference prices and indices
measuring the price of individual digital assets, including Bitcoin
(DIAxBTC), DIA (DIAxDIA) and the DIA Metaverse Index (DIAxMVI)
measuring the performance of a basket of tokens representing
companies building Metaverse technology. Over time, the family will
expand to include baskets of other digital assets and other
measures such as digital asset volatility. Each price and index is
designed to enable safe and frictionless access to the digital
asset space for traditional investors. DIAx reference price feeds
are compliant with both the IOSCO Principles for Financial
Benchmarks and the UK & EU Benchmarks Regulations. Accurate and
Transparent Price Feeds DIA sources price data from a range of
digital asset exchanges at the trade level to provide the data used
to calculate the indices. Centralised exchanges such as Coinbase
provide transactional data directly from internal servers via
dedicated APIs after going through centralised verification and
security processes. In contrast, decentralised exchanges like
Uniswap enable trading through peer-to-peer transactions, which are
computed, stored and verified publicly on a blockchain. DIAx
Indices leverage both data types to provide holistic price
computations that fully reflect the fragmented digital asset
trading space. The sources and computational methodologies for DIAx
Indices’ underlying data feeds are fully transparent and available
open-source. Bridges to the Digital Asset Market The digital assets
market, currently estimated at USD 2.9 trillion, continues to grow.
The rapid expansion of this new asset class in recent years is
drawing increased attention and interest from both regulators and
traditional investment players creating investment products to
access for a non-crypto native target group. Digital asset
benchmarks will act as one of the critical building blocks in
creating these bridges, as they enable regulated access to digital
assets. “In the past two years, decentralised finance applications
have shown that they can attract capital and provide value. While
we’ve seen very strong growth, the size of the market is still tiny
compared to the traditional financial space.” says Michael Weber,
DIA’s Founder. “Products like DIAx enable safe and regulated
investment access for capital to flow to the digital asset space.
We are thrilled to collaborate with Morningstar Indexes to provide
their benchmark expertise.” “We are excited to work with DIA to
help them deliver high quality and efficient tools for investors to
access a broad range of markets, from established to emerging areas
such as digital assets,” said Head of Morningstar Indexes Europe
Tobias Sproehnle. About DIA DIA (Decentralised Information Asset)
is an open-source data and oracle platform for the DeFi ecosystem.
DIA leverages crypto-economic incentives to drive supply, share and
use transparent, crowd-verified price data and oracles on financial
and digital assets. Visit: https://www.diadata.org/ About
Morningstar Indexes Morningstar Indexes was built to keep up with
the evolving needs of investors – and to be a leading-edge advocate
for them. Our rich heritage as a transparent, investor-focused
leader in data and research uniquely equips us to support
individuals, institutions, wealth managers and advisors in
navigating investment opportunities across all major asset classes,
styles and strategies. From assessing risk and return with
traditional benchmarks to helping investors effectively incorporate
ESG objectives into their investment process, our range of index
solutions spans an investment landscape as diverse as investors
themselves. We help investors answer today’s increasingly complex
questions so that they can more easily reach tomorrow’s goals.
Please visit indexes.morningstar.com for more information.
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