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STOXX licenses fully automated Blockchain Index to Coincapital

Release date: 14 Aug 2018 | STOXX

STOXX licenses fully automated Blockchain Index to Coincapital

ZURICH (August 14, 2018) -  STOXX Ltd., the operator of Deutsche Boerse Group’s index business and a global provider of innovative and tradable index concepts, has licensed the STOXX® Yewno Developed Markets Blockchain Index to Toronto, Canada-based Coin Capital Investment Management Inc. (Coincapital). The index uses artificial intelligence to select its constituents. It is comprised of companies from a wide range of industries that invest heavily in the development of blockchain-related technologies, and are therefore considered to be well-positioned to benefit from their increased adoption. The key criterion used in the selection process is patent filings related to blockchain intellectual property (IP). This makes it possible to identify both blockchain innovators and adopters.

“In the market today, some companies think adding ‘blockchain’ to their name means they are innovative. This buries real players – the ones filing for patents and investing in blockchain research  – under a shroud of media hype,” said Lewis Bateman, CEO of Coincapital. “After the launch of B.R.AI.N., we’re excited to once again partner with STOXX on the launch of the Blockchain Index, which uses proprietary AI to track and analyze companies actually doing work to move this technology forward.”

“Blockchain is one of the most disruptive megatrends of our times, and will play a major role in the transition towards a digital, highly technological world. We are excited to team up with award-winning AI company Yewno one more time. Their algorithms, which use machine learning, computational linguistics and knowledge graph techniques, identify the constituents for this index in a fully automated way,” said Matteo Andreetto, CEO of STOXX. 

The index universe is the STOXX® Developed Markets Total Market Index. The Blockchain Index is price-weighted with a weighting factor proportional to a constituent’s free-float market capitalization and blockchain IP score. For this, Yewno calculates two metrics relevant to a company’s involvement in the field of blockchain: blockchain intellectual property exposure (blockchain patents in relation to all other patents awarded to an individual company), and blockchain contribution (blockchain patents of an individual company in relation to all blockchain patents within the entire index universe).

About STOXX Limited

STOXX Ltd. is a global index provider, currently calculating a global, comprehensive index family of over 7,500 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50, STOXX Europe 50 and STOXX Europe 600, STOXX Ltd. maintains and calculates the STOXX Global index family which consists of total market, broad and blue-chip indices for the regions Americas, Europe, Asia/Pacific and sub-regions Latin America and BRIC (Brazil, Russia, India and China) as well as global markets.

To provide market participants with optimal transparency, STOXX indices are classified into four categories. Regular “STOXX” indices include all standard, theme and strategy indices that are part of STOXX’s integrated index family and follow a strict rules-based methodology. The “iSTOXX” brand typically comprises less standardized index concepts that are not integrated in the STOXX Global index family, but are nevertheless strictly rules-based. While indices that are branded “STOXX” and “iSTOXX” are developed by STOXX for a broad range of market participants, the “STOXX Customized” brand covers indices that are specifically developed for clients and do not carry the STOXX brand in the index name. Under the Omnient brand, STOXX offers custom indices from its existing index universe.

STOXX indices are licensed to more than 600 companies around the world as underlyings for Exchange Traded Funds (ETFs), futures and options, structured products and passively managed investment funds. Three of the top ETFs in Europe and approximately 25% of all assets under management are based on STOXX indices. STOXX Ltd. holds Europe's number one and the world's number two position in the derivatives segment.

STOXX is part of Deutsche Boerse Group, and also calculates, disseminates and markets the DAX indices.

STOXX, Deutsche Boerse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Boerse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Boerse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Boerse Group or their licensors, research partners or data providers.

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