XinFin is a hybrid multi-purpose blockchain network suitable for a plethora of use cases. Now it partners with Stockholm-based crypto index provider Vinter to launch a new product, XDC crypto index.
Introducing XDC index, the “go-to” regulated solution
With Vinter's cooperation, XDC platform introduces the XDC crypto index. It is developed in strict compliance with the requirements of the most influential digital payments regulators—namely the International Organization of Securities Commissions (IOSCO) and EU Benchmarks Regulation (EBR).
Image via XinFin
Vinter and XinFin's XDC/USD Index will utilize cutting-edge tools to track the exact USD-denominated price of XDC, a core native asset of the XinFin blockchain and the “fuel” for its operations.
According to Jacob Lindberg, founder and CEO of Vinter, this is a crucial milestone in the progress of the XDC-based digital ecosystem:
Building a regulated XDC index is an important first step for XinFin to institutionalize its offering and to build financial products based on XDC.
XDC index is calculated using a modern methodology that considers liquidity, exchange stability and, of course, all effective regulatory requirements of corresponding jurisdictions.
One more instrument for sophisticated crypto enthusiasts
Primarily, the index is designed for sophisticated market participants, such as hedge funds, custodians and other entities interested in the gateway to digital assets.
Atul Khekade, founder of XinFin, stresses the importance of this partnership and the wonderful prospects it opens up for the crypto industry and its actors:
XinFin focuses on regulated industries such as payments, trade finance, and capital markets. By partnering with Vinter, we bring our institutional partners a regulated index to develop their investment products on.
Vinter XinFin XDC/USD Index will go live in March 2021 following written approval by the European Securities and Markets Authority (ESMA). The index positions will be available for trading on regulated exchanges.