Morningstar Indexes, which is part of Morningstar, Inc., has created new DIAx Reference Prices and Indices that provide transparency and compliance for performance measures of individual digital assets and bundles of digital assets.

DIA, the open-source data platform for decentralised finance, together with global benchmark provider Morningstar Indexes, part of Morningstar, Inc., today announced the release of ‘DIAx’ – regulatory compliant reference prices and indices that will enable investors to benchmark and access digital assets via traditional markets.

Initially, the DIAx family includes benchmark prices and indices that measure the value of digital assets. These include (DIAxBTC), DIA(DIAxDIA), and (DIAxDIA). The DIA Metaverse Index measures the performance of a basket token representing companies using Metaverse technology. The family will eventually include other digital assets as well as other measures, such digital asset volatility. Every price and index are designed to provide traditional investors with safe, frictionless access the digital asset market. DIAx reference price feeds are compliant with both the IOSCO Principles for Financial Benchmarks and the UK & EU Benchmarks Regulations.

Transparent and accurate price feeds

DIA obtains price data at trade-level from a number of digital asset exchanges to supply the information used in the calculation of the indices. Coinbase, NASDAQ:), a centralised exchange that provides transactional data from its internal servers through dedicated APIs, after passing through centralised security verifications and validations. However, decentralised platforms like Coinbase allow peer-to–peer trading and are stored on a public blockchain. DIAx Indices uses both data types in order to offer holistic price computations that accurately reflect digital asset trading’s fragmented landscape. The sources and computational methodologies for DIAx Indices’ underlying data feeds are fully transparent and available open-source.

Digital Asset Market: Bridges

Current estimates of the digital asset market at USD 2.89 trillion are growing. Regulators and investment professionals who create investment products for non-crypto Native target audiences are becoming more interested in the rapid rise of this asset class. These digital asset benchmarks are a key building block in the construction of these bridges. They allow regulated access for digital assets.

“In the past two years decentralised finance applications have shown that they can attract capital and provide value. While we’ve seen very strong growth, the size of the market is still tiny compared to the traditional financial space,” says Michael Weber, DIA’s Founder. “Products like DIAx enable safe and regulated investment access for capital to flow to the digital asset space. We are thrilled to collaborate with Morningstar Indexes to provide their benchmark expertise.”

“We are excited to work with DIA to help them deliver high quality and efficient tools for investors to access a broad range of markets, from established to emerging areas such as digital assets,” said Head of Morningstar Indexes Europe Tobias Sproehnle.

About DIA

DIA (Decentralised information asset) is an open source data platform and oracle for DeFi. DIA utilizes crypto-economic incentives for supply, sharing, and the use of transparent, crowd-verified prices data as well as oracles regarding financial and other digital assets.

Visit: https://www.diadata.org/

Morningstar Indexes

Morningstar Indexes was built to keep up with the evolving needs of investors – and to be a leading-edge advocate for them. We are a trusted leader in research and data that is transparent and investor-focused. This enables us to assist individuals, institutions and wealth managers in finding investment opportunities for all asset types, strategies, and styles. Our index solutions cover a wide range of investment areas, from helping investors incorporate ESG goals into their investments to assisting them in evaluating risk and return using traditional benchmarks. We help investors answer today’s increasingly complex questions so that they can more easily reach tomorrow’s goals. Please visit indexes.morningstar.com for more information.

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