Coinhako Collaborates with CoinDesk Indices to Launch the Distribution of CoinDesk 20 Tracker in Asia
New Product Will Offer Diversified Exposure to Leading Digital Asset Class Benchmark
Singapore, 17 September 2024 – Coinhako, a leading digital asset platform, today announced a collaboration with CoinDesk Indices, a leading provider of digital asset indices since 2014, to launch the distribution of the Coinhako CoinDesk 20 Tracker across Asia. This collaboration represents a significant milestone in the digital asset space.
Coinhako CoinDesk 20 Tracker
Coinhako will now deliver access to the CoinDesk 20 Index through a product that provides the client 100% participation in the performance of the Index, providing investors with a broad exposure to the top 20 digital assets. The instrument will allow for a more cost-efficient, diversified and passive way for investors to manage their allocation to the digital asset space: underlying the Coinhako CoinDesk 20 Tracker is the CoinDesk 20 Index, a market-capitalization weighted index tracking the top 20 digital assets. Importantly, the Coinhako CoinDesk 20 Tracker is also redeemable upon request, allowing Coinhako clients the flexibility to close out their positions before the Product's expiration.
By incorporating the CoinDesk 20 Index into its offerings, Coinhako further enhances investment opportunities for its clients, providing access to innovative and diversified tools for digital asset investments across Asia. “This collaboration demonstrates Coinhako’s commitment to broadening investment opportunities for our clients. This is the first initiative of its kind in Asia and among an elite group to spearhead the global adaptation of the CoinDesk 20 Index, reflecting Coinhako’s dedication to innovation within the digital asset space”, said Henryk Abucewicz, Head of Institutional Sales at Coinhako. “We are able to offer this product at globally competitive rates, effectively lowering our clients’ expense ratios while providing a prudent way to gain exposure to leading digital assets.”
Key features of the Coinhako CoinDesk 20 Tracker :
- USD stablecoin denominated
- Tailored investment horizon
- Redeemable upon request
- Product linked to the price performance of the CoinDesk 20 Index
CoinDesk 20 Index
Launched in January 2024, the CoinDesk 20 Index addresses the growing demand from institutional investors for more diverse portfolio options beyond bitcoin ETFs. It tracks the performance of top digital assets, applying a capped market capitalization weighted methodology to ensure diversification. Designed for scalability, the CoinDesk 20 is built for trading and has been designed with liquidity, diversification benefits, and implementation in mind.
“CoinDesk 20 has generated unprecedented institutional demand,and has been embraced by leading market-making firms and global market participants," said Alan Campbell, President of CoinDesk Indices. "We are thrilled Coinhako is enabling the APAC region access to this robust, diversified and liquid index.”
For more information on Coinhako, visit https://www.coinhako.com/.
To learn more about the CoinDesk 20 Index Product, visit www.coindesk.com/indices/coindesk20.
About Coinhako
Founded in 2014, Coinhako is one of the longest-standing cryptocurrency platforms in the Asia Pacific region, serving over 400,000 registered users. Established by industry experts Yusho Liu and Gerry Eng, Coinhako aims to be Asia’s gateway to the crypto-economy, providing easy access to digital assets like Bitcoin and other cryptocurrencies. Coinhako is backed by prominent investors, including Tim Draper, along with established venture capital firms such as Boost VC, Jump Capital, SBI Holdings, Sygnum Bank, and Azimut Investment Management. For more information, please visit Coinhako’s website.
About CoinDesk Indices
Since 2014, CoinDesk Indices has been at the forefront of the digital asset revolution, empowering investors globally. A portfolio company of the Bullish group, our indices form the foundation of the world's largest digital asset products. Known for their precision and compliance, flagships such as the CoinDesk Bitcoin Price Index (XBX) and the CoinDesk 20 Index Product set the industry standard for measuring, trading, and investing in digital assets. With tens of billions of dollars in benchmarked assets, CoinDesk Indices is a trusted partner. Discover more at coindeskmarkets.com.
Contacts
For media inquiries, please contact:
Coinhako:
Ashley Chung: ashley.chung@coinhako.com
CoinDesk Indices:Emma Martin, Allison Worldwide: coindesk@allisonworldwide.com
Coinhako Disclaimer:
The Coinhako CoinDesk 20 Tracker is only available to qualifying investors, including institutional, corporate, accredited investors, and family offices, and is offered by Alpha Hako Ltd. This corporate update is for informational purposes only. Nothing herein shall constitute an offer to sell or a solicitation of an offer to purchase any digital assets, or an invitation to use any of Coinhako’s services, and should not be relied upon to make any investment decisions. Transacting in digital assets involves significant risks and may not be suitable for all persons. Nothing herein is intended to provide legal, financial, tax or other advice and you should carefully evaluate and consider the risks associated with transacting in digital assets. You should consult your legal, financial, tax or other professional adviser(s) if you have any doubt as to such risks.
CoinDesk Indices Disclaimer:
CoinDesk Indices, Inc. ("CDI") is a portfolio company of the Bullish group. CDI does not sponsor, endorse, sell, promote or manage any investment offered by any third party that seeks to provide an investment return based on the performance of any index. CDI is neither an investment adviser nor a commodity trading advisor and makes no representation regarding the advisability of making an investment linked to any CDI index. CDI does not act as a fiduciary. A decision to invest in any asset linked to a CDI index should not be made in reliance on any of the statements set forth in this document or elsewhere by CDI. All content contained or used in any CDI index (the "Content") is owned by CDI and/or its third-party data providers and licensors, unless stated otherwise by CDI. CDI does not guarantee the accuracy, completeness, timeliness, adequacy, validity or availability of any of the Content. CDI is not responsible for any errors or omissions, regardless of the cause, in the results obtained from the use of any of the Content. CDI does not assume any obligation to update the Content following publication in any form or format. © 2024 CoinDesk Indices, Inc. All rights reserved.
Risk Warning on Digital Payment Token Services
Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).
The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.
Before you pay your DPT service provider any money or DPT, you should be aware of the following.
- Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
- You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
- You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
- You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
Visit: Coinhako.com/risk-disclosure for more information.