• NASDAR announces an index of Decentralized Finance
  • The Index was launched back in 2012 by Defix and will now feature on NASDAQ
  • DEFX is the ticker symbol to find the index

Slowly Making Progress

This year has been a total adoption drive for blockchain technology, with major institutions coming forward to support and embrace the movement. The US market alone has shown significant interest by embracing Bitcoin and allowing Bitcoin futures by CME and Bakkt to function. XRP and Ether too have seen immense adoption with banks and financial institution jumping in to test their capabilities.

DeFix – The Index for Next-Gen Startups

In an attempt to embrace blockchain technology growth, NASDAQ has added a new index that aims to offer the markets information on blockchain projects working in the decentralized finance (DeFi) space. Defix, a cryptocurrency index launched way back, was launched by London-based Exante brokerage services.

Defix is an index that offers a medium for investors to track the important and upcoming projects in the space. Some of the cryptos indexed are Augur, 0x protocol, MakerDAO and Gnosis. A major focus of the index has been on upcoming and fully functional decentralized application that are continuously seeing adoption.

The index is listed by NASDAQ under the ticker DEFX, and can also be tracked on TradingView and Google. A listing on Yahoo Finance is on the works and will be available soon.

This autumn, Exante is also to launch a fund based on the Defix index, saying it will be offered through a “secure, financially accredited agency.”

Sudarshan M

Sudarshan M is a long time crypto-enthusiast. Pulled in by bitcoin early on, it didn’t take long for Sudarshan to divert all of his academic attention from business studies to blockchain by doing his Masters and eventually pursuing his PhD in the subject. He is currently a researcher at the University of Nicosia. He is also the author of two research papers and a book on Blockchain’s future in Education titled: An Academic Overview of Blockchain - Applications in Educational Institutions. Sudarshan is an entrepreneur, blogger, educator, researcher and an avid proponent of Dogecoin. Such coin, Much wow.

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