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Thanks to its established know-how in this area, Vinter has built a reliable and accurate tracking methodology for XDC/USD that surmounts thorny areas of token trading like liquidity, all while accounting for regulation and exchange stability.
XDC, the native token of XinFin’s XDC hybrid blockchain network, will now be trackable in US dollars via a new regulated single crypto asset index. This initiative is designed to attract greater institutional involvement while acting as a base to launch other financial products.
Initiative Designed to Pave the Way for Future Exchange-Traded Products
To help build stronger bridges between the blockchain universe and the traditional financial services sector, XinFin, in conjunction with Vinter, is launching a regulated XDC/USD index. Designed to mirror the underlying XDC coin’s price movements, this new crypto index is set to list on regulated trading platforms following European Securities & Markets Authorities (ESMA) approval.
XinFin runs the highly interoperable XDC hybrid blockchain network, which is purposefully-built to exceed the scalability, affordability, and transaction rates of other popular networks like Bitcoin and Ethereum.
Through its developer-friendly infrastructure and ISO 20022 financial messaging standards compatibility, XinFin’s dApp environment aims to be a springboard to launch other exchange tradeable blockchain financial products. By providing a new compliant foundation for these activities, XinFin and Vinter are assembling the framework needed to further institutional adoption.
Given that many institutional investors and licensed financial services providers cannot gain exposure to the blockchain universe through cryptocurrencies due to existing regulation, an exchange-listed index overcomes many restrictions preventing more widespread adoption.
Compliance & Accuracy Rolled Up in a Single Index
One of the significant challenges that accompanied the launch of this new index was the accompanying calculations. Stockholm-based Vinter has considerable experience in this area after introducing the first ESMA-compliant crypto indices to the Nordic region.
Thanks to its established know-how in this area, Vinter has built a reliable and accurate tracking methodology for XDC/USD that surmounts thorny areas of token trading like liquidity, all while accounting for regulation and exchange stability.
More crucially, by satisfying the criteria set by the International Organization of Securities Commissions (IOSCO) and the EU Benchmarks Regulation (EBR), Vinter and XinFin clear one of the major hurdles preventing more widespread adoption.
With this new index, investors, custodial service providers, and established funds all gain the confidence and reliability needed to start allocating funds to XDC/USD. The XDC/USD new listing also marks the initial steps towards launching other regulated exchange-traded products (ETPs) using XDC as a reference currency.
For XinFin’s highly interoperable enterprise-ready blockchain, this could mark a turning point for adoption in the global trade and finance arenas. The system can already bridge legacy payment systems like SWIFT with blockchain architecture. Altogether, this means new opportunities for developers to build next-generation services while availing the funding of capital markets.
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Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.
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