MarketVector Indexes has announced a partnership with Figment, a provider of staking infrastructure, to introduce the industry’s first staking rewards indexes.
Figment and MarketVector have aligned to provide a more comprehensive measure of the value of Ethereum via products that are tailor-made for institutions. This partnership marries MarketVector’s expertise in index administration with Figment’s best-in-class Ethereum rewards rate reporting. A first-mover in staking-as-a-service, Figment provides staking and data solutions to some of the largest institutions in the digital asset space.
“We’ve been proud to be on the forefront of digital assets indexing and this partnership with Figment reflects our commitment to providing institutions and investors with exposure to leading assets,” says Martin Leinweber, Digital Assets Product Strategist at MarketVector. “Now, asset managers and advisers are able to have customizable access to staking rewards as an industry first.”
The first products co-created by MarketVector and Figment include the soon-to-be-launched the MarketVector Figment Ethereum Staking Reward Reference Rate and the MarketVector Figment Ethereum Total Return Index. While the partnership’s initial focus is on solutions for institutions and investors in Ethereum, this partnership paves the way to expand and extend these capabilities to other digital assets in the future.
In addition to the benchmark and reference rate, MarketVector and Figment write that they are able to provide bespoke elements of the indexes to address the diverse needs of licensors in different markets.
“We are thrilled to announce our strategic partnership with MarketVector, which addresses one of the most significant challenges faced by institutions in the digital asset space – access to reliable, robust data,” says Josh Deems, Institutional Business Development Lead at Figment. “By combining Figment’s leading on-chain data capabilities with MarketVector’s benchmarking expertise, we are poised to unlock new opportunities for institutions offering investors exposure to digital assets. We envision a new paradigm, where asset managers are able to provide products with staking rewards that are benchmarked against our indexes.”
