Marex, the diversified global financial services platform, today announced a collaboration with CoinDesk Indices, a leading provider of digital asset indices since 2014, to offer a Tracker Certificate Linked to the CoinDesk 20 Index. This product marks the first liquid structured product that provides access to CoinDesk 20 to investors.
The CoinDesk 20 is a broad-based index that addresses growing demand from institutional investors for more diverse portfolio options beyond bitcoin ETFs. Designed for implementation at scale, CoinDesk 20 tracks the performance of top digital assets, applying a capped market capitalization-weighted methodology to enhance diversification.
The Marex 12 Months USD Tracker Certificate Linked to the CoinDesk 20 Index will track performance of the index and be supported by secondary market liquidity, allowing investors and traders to adjust their exposure and react promptly to market developments. Secondary market support aligns with one of CoinDesk 20’s key objectives: to improve the digital asset marketplace for traditional investors as the most traded digital asset index.
“We are continuing to see burgeoning investor demand for broad-based digital asset solutions,” said Harry Benchimol, Co-Head of Derivatives Engine, Marex. “We’re thrilled to partner with CoinDesk Indices to offer investors an innovative way to increase their exposure to digital assets. We’re directly aligned with CoinDesk 20’s approach to diversification and seeking to enhance liquidity and exposure to digital assets.”
Key features of the certificate include:
- Fully securitised product linked to the price performance of the CoinDesk 20 Index (less management fees)
- USD denominated, one-year maturity
- Secondary market available (subject to normal market conditions)
- Future issuances are fully customisable in terms of currency/maturity
“Marex launching a certificate on the CoinDesk 20 Index is significant,” said Alan Campbell, President of CoinDesk Indices. “This is a major structured product issuer enabling European investors to gain exposure to digital assets without needing to directly buy and manage the underlying assets. More products based on the CoinDesk 20 increases trading volumes and market depth, benefiting the overall ecosystem.” Following CoinDesk 20’s launch earlier this year, Bullish—the fastest-growing regulated digital asset exchange—launched a new perpetual futures contract on the index, marking an industry first. The CoinDesk 20 perp has attracted substantial institutional interest, driving trading volume toward $6 billion since launch.
To learn more about the Marex 12 Months USD Tracker Certificate Linked to the CoinDesk 20, please email: crypto@marexfp.com.
To learn more about the CoinDesk 20, please visit: coindeskmarkets.com/cd20.