As reported by Cryptonews, Reserve, a platform for Decentralized Token Folios (DTFs), has partnered with CF Benchmarks to launch $LCAP, the first licensed, institutional-grade onchain index product. The token provides diversified exposure to over 90% of the cryptocurrency market cap and is available for trading on Kraken. Backed 1:1 by underlying assets in smart contracts, $LCAP includes ten large-cap cryptocurrencies such as Bitcoin, Ether, and XRP. The product is rebalanced quarterly and redeemable for its components. The launch marks a step forward in bringing traditional investment simplicity to crypto markets, according to Thomas Mattimore of ABC Labs. $LCAP is supported by Reserve’s decentralized index infrastructure and executed in partnership with MEV Capital. Reserve already oversees over $500 million in total value locked (TVL) across its index and yield DTFs.
Reserve and CF Benchmarks Launch $LCAP, First Institutional-Grade Onchain Index Product
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