PANews reported on January 28 that FTSE Russell (a brand of the London Stock Exchange Group) announced a partnership with blockchain data provider SonarX to launch indexes and data products related to crypto assets and on-chain data.

The company said it will use on-chain data and market data from multiple cryptocurrencies to build fundamentals-weighted indices to provide deeper market insights for institutional clients. Such indices typically provide benchmarks for passively managed investment funds.

Earlier news, Grayscale partnered with FTSE Russell to launch a crypto index product .