Reality Shares, Nasdaq Partner to Launch Blockchain Economy Index

Investment marketplace Reality Shares has teamed up with Nasdaq to launch an index tracking companies in the nascent blockchain industry.

The smart-beta index – called the Reality Shares Nasdaq Blockchain Economy Index – is compiled by using internal and external research, as well as a proprietary "Blockchain Score" ranking system, a press release states.

Reality Shares is also planning an exchange-traded fund (ETF) that will track the index and has already filed the proposal with the U.S. Securities and Exchange Commission.

Fredrik Voss, vice president of blockchain innovation at Nasdaq, said that the collaboration represents a "tangible way" to track the growth of blockchain sector. The blockchain index may include equity securities of both operating and non-operating companies, the ETF filing states.

Eric Ervin, CEO of Reality Shares said:

"As these new applications are deployed, we believe these companies will most likely become disrupters in their industries, with potential to profit at the expense of laggard companies that do not deploy blockchain applications."

Reality Shares' ETF announcement was reported by CoinDesk earlier this month, alongside news that Amplify Trust ETF is also filing for permission to invest and trade in blockchain startups.

Chart image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Sujha Sundararajan

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

10 Years of Decentralizing the Future