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Monochrome Asset Management is affiliated with CF Benchmark

Global Market Leader CF Benchmark provides a professionally aggregated benchmark. Black and white Australia’s first financial product.

The partnership focuses on providing high quality and regulated benchmarks to ensure the integrity of the underlying assets contained within. Black and white Product offer. When leveraging the CME CF Bitcoin Reference Rate (BRR), monochrome products are built on the highest standards of Bitcoin Reference currently available.

“Monochrome is proud to be the first Australian fund manager to partner with CF Benchmarks,” said Jeff Leal, COO and Head of Digital Markets at Monochrome.

CF Benchmarks is the index manager for contract settlements on the Chicago Mercantile Exchange (CME), the leading US futures exchange, among other major financial institutions.

Operated daily since its launch on November 14, 2016, BRR is the most reliable source of Bitcoin pricing, the best price benchmark for Bitcoin risk settlement, and the European Union benchmark regulation. It is a registration benchmark based on (BMR).

“The benchmarks they provide meet the highest levels of regulatory compliance anywhere in the world and set the industry standard for any fund involved in digital assets,” continued Leal.

The partnership between Monochrome and CF Benchmark is in line with recent ASIC guidance on ETP (INFO 230) and adheres to index selection principles where index robustness and transparency are recognized for arrangements with index providers. doing.

“As a digital asset specialist with extensive experience in traditional finance, we provide investors with the trust they need to safely navigate the risks and complexity of digital asset ETFs,” Leal said. I am saying.

“Monochrome is focused on providing the highest regulatory standards in our approach to digital assets and partner selection.”

“That experience and approach differentiates Monochrome from other ETF issuers trying to launch Bitcoin ETFs in Australia,” Leal concludes.

“Products like Bitcoin ETFs offer price exposure without the need to hold physical assets, ultimately making cryptocurrencies more accessible to a wider range of investors,” said CF Benchmarks CEO. Sui Chung commented. “One of the world’s largest pools of long-term savings about to be open to cryptocurrencies, Monochrome is at the forefront of the watershed moment in the Australian crypto market.”



Monochrome Asset Management is affiliated with CF Benchmark

Source link Monochrome Asset Management is affiliated with CF Benchmark

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