Nasdaq and CME relaunch crypto index to meet rising demand for trusted benchmarks
Nasdaq and CME relaunched their joint crypto index as the NCI to offer institutions a regulated, transparent benchmark amid growing demand.Summary
Nasdaq and CME Group have reintroduced their joint crypto index, renaming it the Nasdaq CME Crypto Index (NCI), to cater to institutional demand for regulated and transparent digital asset benchmarks. The NCI is calculated by CF Benchmarks, utilizes vetted exchanges and custodians, and is overseen by a joint governance committee, aiming to support the creation of regulated products like ETFs and structured funds. According to CME Group's Giovanni Vicioso, the relaunch signifies the combination of "two gold standards," while Nasdaq's Sean Wasserman noted the shift reflects investor preference for broader index strategies over single-asset exposure. This expanded partnership underpins over $1 billion in global assets, including the Hashdex Nasdaq Crypto Index ETF (NCIQ) in the US.
(Source：Crypto Briefing)