Today Nomura Research Institute (NRI) announced a new cryptocurrency index bearing its name, the NRI/IU Crypto-Asset Index Family. It has partnered with cryptocurrency company Intelligence Unit to develop the indices and plans to go live on Friday via NRI’s financial information database.
NRI points to rising levels of regulation as a positive for the cryptocurrency sector because it believes this will make it more attractive to investors as an alternative asset class. Given the popularity of index-based ETFs (exchange traded funds), the logical step is to make it easier to invest in the sector by creating appropriate indices.
“The ‘NRI/IU Crypto-Asset Index Family’ can be used by institutional investors as a benchmark for objective investment appraisal,” NRI said in a statement.
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