MSCI, publisher of some of the world’s most widely used benchmark indexes, said it is considering introducing gauges for cryptocurrency assets.
- Speaking at an event hosted on the social media platform Clubhouse and organized by Andreessen Horowitz earlier this week, CEO Henry Fernandez said MSCI has been talking to experts and is looking into launching crypto indexes, according to a Reuters report.
- Fernandez did not provide details or a timeline.
- MSCI adding a way to measure the performance of crypto assets would be another step toward widespread acceptance of digital currencies.
- In May, S&P Dow Jones Indices launched its cryptocurrency indexes: S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.