Reality Shares And NASDAQ Will Launch The Blockchain Economy Index

Reality Shares, a financial services company that filed an EFT application earlier this month, recently announced a partnership with NASDAQ to jointly launch a blockchain economy index to track companies in this nascent industry. From these initiatives it can be seen that the company has been actively involved in the area of ​​blockchain in order to seize the opportunity to better serve customers.

The investment market Reality Shares has partnered with Nasdaq to launch an index tracking of companies in the emerging blockchain industry.

Its press release calls the index "smart-beta index," also known as the "Reality Shares Nasdaq Block Economy Index," based on internal and external research and proprietary "blockchain scores "Ranking system prepared.

Reality Shares is also planning to launch an ETF to track the index and has submitted the proposal to the Securities and Exchange Commission (SEC).

Fredrik Voss, NASDAQ vice president for blockchain innovation, said the partnership will provide "a tangible way to track growth in the blockchain sector." The ETF filings for Reality Shares say the blockchain index could include equity securities for both operating and non-operating companies.

Eric Ervin, CEO of Reality Shares, said:

"With the deployment of these new applications, we believe these companies are likely to become disrupts in their respective industries and potentially profit at the expense of laggards that have not taken blockchain applications."

Earlier this month, CoinDesk has been reporting news of Reality Shares filing for an ETF launch, while the Amplify Trust ETF has also submitted an application that hopes to invest and trade in blockchain startups.