Brave New Coin, a trading research and data company focused on cryptocurrencies and blockchain, has revealed a “multi-year partnership” with Canada-based derivatives exchange the Toronto Futures Options Swaps Exchange or tFOSE, according to a press release from the group.
This partnership will see Brave New Coin designing, calculating, and administering a “suite of cryptocurrency indices to power cash-settled options trading on tFOSE,” the release notes.
Speaking on the matter is James Beattie, the President and CEO at tFOSE, who said:
“After extensive research and due diligence, tFOSE selected Brave New Coin for its deep expertise in generating insightful crypto market data and indices. Brave New Coin meets all of our needs, taking a unique approach to index design, methodology, and governance that will help tFOSe meet the specific, exacting needs of both our retail and institutional investors.”
Also speaking on the matter is Fran Strajnar, the CEO and Founder of Brave New Coin, who said:
“The crypto ecosystem is maturing and demand for regulated investment products from institutional markets is growing. Our partnership with tFOSE furthers our role as a leader in market data, indices, and benchmarking for crypto assets. We’ve dedicated our company to building products that bring institutional-grade services to this emerging asset class.”