Nasdaq and CME Group Launch Institutional Crypto Benchmark
Nasdaq and CME Group unveiled a joint initiative to create a regulated benchmark for institutional digital asset exposure, signaling a maturation of crypto markets. The collaboration leverages three decades of index development experience, building on their Nasdaq-100 futures partnership since 1996.
"This combines two gold standards to deliver the regulated diversification the market demands," said CME's Giovanni Vicioso. Nasdaq's Sean Wasserman noted regulatory clarity in the U.S. has enabled traditional investment solutions for crypto assets.
The MOVE reflects growing institutional demand for structured crypto products, with both exchanges renewing their Nasdaq-100 licensing agreement earlier this year. No specific cryptocurrencies were named in the announcement.
