In what could be considered a vital step for Bitcoin and institutional product and business development in Japan, QUICK, arguably the largest financial information vendor in the country, has added a crypto-asset index to its suite of products for Japan’s securities and financial markets.
A press release on Wednesday revealed that QUICK is enabling support for the NRI/IU Crypto-Asset Index offered by Nomura Research Institute Intelligence Unit (IU), an independent subsidiary of the largest Japanese management consulting and economic research firm.
The new integration will allow Nomura Research Institute to offer investment solutions around crypto-assets like Bitcoin to Japanese traditional financial institutions, who use the vendor’s data and information platform, further opening the crypto industry to institutional clients.
Per the release, the addition of the NRI/IU Crypto-Asset Index to QUICK follows the success recorded since the index went live in January. Several crypto-related entities including crypto exchanges and derivatives providers are reportedly adopting the NRI/IU Crypto-Asset Index for developing index coins and crypto index derivative products.
Following the QUICK partnership, Japanese investors will have the chance to monitor daily valuation prices of the NRI/IU Crypto-Asset Index at JST 15:00, as well as real-time tick data on QUICK’s terminals.
Investors can rely on this real-time information to swiftly diversify their portfolios and choose the most suitable investment opportunities for cryptocurrencies, in the same way, that they manage traditional investments like equities and bonds.
With Bitcoin’s popularity understandably growing in Japan, the current development marks another step on the path to making it easier for institutional investors to gain exposure to the asset with the same level of certainty as traditional assets.