Bloomberg: Launches DeFi Index
- Bloomberg is the world’s primary distributor of financial data and a top news provider of the 21st century
- Announced the expansion of its crypto offering with the launch of the Galaxy DeFi Index
- Alongside the index launch, Galaxy Digital’s fund’s platform, Galaxy Fund Management, is now offering the Galaxy DeFi Index Fund
- The benchmark is designed to measure the performance of the largest decentralized finance (DeFi) protocols by market value
- DeFi is an emergent sector of digital assets that replicate financial functions such as borrowing, lending
- The benchmark is owned and administered by Index Services Limited and is co-branded with Galaxy
