CoinShares Releases DeFi Index Token for Institutional Investors
Asset manager CoinShares is coming to market with a decentralized finance index token (DeFi) aimed at institutional investors, CoinDesk reports. CoinShares Chairman Danny Masters believes that financial indexes lend legitimacy to emerging asset classes.
The London-based firm, best known for its bitcoin exchange product, XBT, has launched CoinShares Gold and Cryptoassets Index Lite (CGI) tokens on Ethereum.The CGI token was created in collaboration with Index Coop, the DeFi Pulse Index (DPI) development team and London Imperial College.
The CGI token consists of two equally weighted "wrapped" crypto-assets - wrapped bitcoin (WBTC) and wrapped ether (WETH) - and a wrapped gold firm token, wDGLD.
