On Thursday, DLT Financial and London-based fintech company Tramonex, announced the launch of DLT10, a crypto-currency financial index. The companies stated the index was designed to track the performance of major digital currencies that run on public blockchains and unlocks information and access to the 10 most relevant cryptocurrencies through a corresponding tracker fund.
The 10 currencies listed on the DLT10 Index are Bitcoin, Ethereum, Ripple, Stellar, Litecoin, Dogecoin, MadeSafeCoin, NameCoin, Factom and NXT. DLT Financial stated it will be launching a matching tracker fund within the next few weeks, which will provide businesses and individuals access to a securitized method for investing. Co-founder of DLT Financial and Tramonex CTO, Dave Askey stated:
“Crypto-currencies and the blockchain are growing at a terrific pace, with equity investment into blockchain companies growing from $2 million in 2012 to $490 million in 2015. It has become clear that these technologies are here to stay and that their impact will be significant, yet the asset class is still vastly underinvested because of how technical it is today. DLT10 and its corresponding tracker fund will allow more people and institutions to invest in this asset class by providing a familiar, simplified investment model.”
Tramonex CEO, Amine Berraoui, added:
“Tramonex is very pleased to collaborate with DLT Financial for the launch of its DLT10 index and fund. We see this as a continuation of Tramonex’s role in bridging the traditional and institutional side of finance with innovative technology. Our main goal is to position crypto-currencies as a new asset class for the investment community, and to provide greater access to this still complex and opaque investment class, and DLT Financial is taking a further in this direction.”