Quick Take
MarketVector Indexes reinforces its commitment to digital asset indexing with a substantial investment in CCData, a leading benchmark administrator. This move follows a successful partnership and signifies MarketVector’s dedication to providing accurate and compliant solutions in the growing digital asset sector.
MarketVector Bolsters Digital Asset Indexing with Major Investment in CCData
MarketVector Indexes, a prominent global index provider overseeing more than $31 billion in licensed assets, has unveiled a substantial strategic investment in CCData, a benchmark administrator known for its authorization by the Financial Conduct Authority (FCA) and its leadership in digital asset data and index solutions. This development underscores MarketVector’s unwavering commitment to advancing innovative digital asset indexing solutions by forging strategic partnerships within the digital asset ecosystem.
The journey towards this collaboration traces back to 2017 when MarketVector first joined forces with CCData to introduce a groundbreaking family of digital asset indexes. Leveraging CCData’s market-leading data solutions and a meticulously crafted exchange benchmark methodology, this collaboration marked a significant leap forward in providing accurate and reliable benchmarks for the digital asset market.
Steven Schoenfeld, the CEO of MarketVector, expressed the company’s eagerness to continue growing its relationship with CCData. “As we accelerate our innovation and expand our crypto index and data capabilities in tandem with CCData, we can create pertinent, dependable, and regulatory-compliant solutions for our clients,” Schoenfeld stated. “In a digital asset sector undergoing substantial adoption and growth, MarketVector remains steadfast in delivering trusted and market-leading data solutions that mirror the gold standard of traditional finance.”
MarketVector’s latest investment comes on the heels of a year marked by significant milestones in the digital asset sector. These milestones include regulatory advancements, a notable increase in institutional inflows, and a surge in applications for spot Bitcoin ETFs.
Notably, the approval of the VanEck Bitcoin Trust, which provides exposure to spot Bitcoin and licenses MarketVector Bitcoin Benchmark Rate (BBR) based on data sourced from CCData, was a significant achievement in this context.
Charles Hayter, CEO and Co-Founder of CCData, emphasized the increasing demand for robust data and indexing solutions in the digital asset sector as influential institutions actively enter the space.
“MarketVector’s investment in CCData serves as a testament not only to our achievements and growth since our launch in 2014 but also to the strides taken by the digital asset industry over the past years,” Hayter remarked. “With the approval of the first U.S. spot Bitcoin ETFs, the digital asset sector is poised for a powerful phase of adoption, wherein trusted market-leading data solutions will play a crucial role in guiding its growth.”
The collaboration between MarketVector and CCData will expand opportunities for participants in the crypto market by providing accurate tracking of their activities, offering data solutions, and serving as trusted partners in the creation of underlying indexes for innovative investment products. As the digital asset sector continues its rapid evolution, this strategic investment is expected to further solidify MarketVector’s position as a key player in the digital asset indexing landscape.
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