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NASDAQ lists Decentralized Finance Index Defix (DEFX) for Digital Assets


NASDAQ lists Decentralized Finance Index Defix (DEFX) for Digital Assets

A New Decentralized financial index, Defix, is listed on American stock exchange, NASDAQ. Exante has made an announcement in their latest press release.

The Defix index claims to be first altcoin index covering decentralized finance projects that include Augur, Gnosis, Amoveo, Numerai, Maker, 0x. The index has a share percentage of assigned to each project viz. Augur - 20%, Amoveo - 20%, Gnosis - 7%, Numerai - 7%, Maker - 25% and Ox - 20%, according to Defix.fund website.

Nasdaq Global Indexes has been creating transparent indexes since 1971 and it disseminates real-time values for its indexes and listed ETPs throughout the trading day.

At NASDAQ, the Defix index will be listed with ticker symbol DEFX. The  abbreviation stands for 'Decentralized Finance Index.'
   
In the announcement, Zack Hess, the main developer for Amoveo, stated that "[he is] glad to see increased awareness being brought to decentralized finance projects" and would like to "give everyone access to modern financial tools."

The collaboration allows Nasdaq to stream daily DEFX finance altcoin index level information to the Nasdaq Global Index Data Service (GIDS)

In February 2019, Nasdaq listed Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) to its Global Index Service Offerings in collaboration with Brave New Coin (BNC).

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Mandar is a seasoned software professional for more than a decade. He is Cloud, AI, IoT, Blockchain and Fintech enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about the Cloud, AI, IoT, Blockchain and Fintech and the effects they will have economically and socially in the future.

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