Truvius, a galaxy-backed investment platform, uses blockchain indices for digital asset portfolios.

Digital asset portfolio provider Truvius has announced that it will use Blockchain Indices’ (CDI) classifications to offer thematic crypto exposure through its investment platform.

The collaboration aims to offer automated portfolios tracking indices across a range of areas in the digital asset industry.

Truvius is based in Boston, Massachusetts and is supported by digital asset financial services provider Galaxy Digital’s venture arm. It provides index-based digital asset portfolios to individual and institutional investors.

Crypto-focused financial services firm Galaxy Digital, which is led by crypto billionaire Mike Novogratz, owns Blockchain Indices as its subsidiary.

Truvius will offer automated portfolios for sectors such as currency, decentralized finance (DeFi), and smart contracts, amongst others based on CDI’s Digital Asset Classification Standard (DACS). This seeks to categorize the top 500 digital assets by market capitalization.

The advantage of such indices is that they allow firms like Truvius to create index-linked products, such as exchange-traded funds (ETFs). This helps to attract investors who prefer passive rather than active exposure to an asset or basket of assets, similar to what they would find in the traditional finance world.

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Edited by Parikshit Mishra.