reality Shares and Nasdaq launch blockchain economy index
Reality Shares and Nasdaq announce the creation of the Reality Shares Nasdaq Blockchain Economy Index, a smart-beta index that tracks the growth and development of leading global companies creating and implementing blockchain solutions.
Reality Shares and Nasdaq compiled the index by utilizing internal and external research and their proprietary Blockchain ScoreTM ranking system. The Index is comprised of global companies that seek to capitalize upon transformational blockchain technology that may potentially disrupt the markets in which they operate.
Reality Shares partnered with Nasdaq because of the exchange’s established interest and experience in blockchain technology.
“The collaboration between Nasdaq and Reality Shares represents a tangible way to track the growth of an industry that may revolutionize the way commerce is conducted, and yet is still in its infancy,” said Fredrik Voss, Vice President of Blockchain Innovation at Nasdaq.
Blockchain technology functions as a secure and unalterable digital ledger of peer-to-peer transactions that is transparent to all, and not reliant on a third party for management. The Index methodology identifies companies involved with developing and implementing trusted transaction solutions based on a peer-to-peer distributed network. Applications that may be deployed by companies utilizing blockchain technology may affect global payments, data storage, transactional records and supply chain management.
“Reality Shares recognized the tremendous growth potential of blockchain technology, and subsequently teamed up with Nasdaq to identify what we believe to be the leading global companies deploying resources to develop blockchain applications,” said Eric Ervin, CEO of Reality Shares. “As these new applications are deployed, we believe these companies will most likely become disrupters in their industries, with potential to profit at the expense of laggard companies that do not deploy blockchain applications.”
A registration statement and prospectus for the Reality Shares Nasdaq Blockchain Economy ETF has been filed with the Securities and Exchange Commission but has not yet become effective. The information contained in the preliminary prospectus is not complete and may be changed. The shares may not be sold nor may offers to buy be accepted prior to the registration statement becoming effective. This communication is not an offer to sell shares of the Fund or the solicitation of an offer to buy, nor shall there be any sale of these shares in any state where the offer or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. For more complete information regarding the Fund, please call 619-487-1445 or visit www.realitysharesadvisors.com. Please read the prospectus carefully before investing. Copies of the final prospectus can be obtained from Reality Shares.
Original Source: https://www.finextra.com/pressarticle/71574/reality-shares-and-nasdaq-launch-blockchain-economy-index?utm_medium=rss&utm_source=finextrafeed