According to CoinDesk, digital asset manager Onramp Invest has integrated the CoinDesk 20 (CD20) index onto its platform to provide Registered Investment Advisors (RIAs) with a benchmark for their digital asset portfolios. Launched in January by CoinDesk Indices, the CD20 serves as a market performance measure for crypto, similar to the S&P 500 or Dow Jones Industrial Average in the stock market, supporting tradeable products.
Using the CD20 index, RIAs can compare their portfolio performance to the world's largest digital assets, such as bitcoin, ether, and Solana. Eric Ervin, CEO of Onramp Invest, stated that many investors desire broad exposure to the emerging digital asset market but lack the knowledge of how or where to invest. Onramp Invest was acquired by asset tokenization firm Securitize in August 2023, which enables RIAs to offer clients access to tokenized investments in alternative asset classes, including private equity, private credit, secondaries, and real estate, in addition to bitcoin. Bullish, the institutional-focused crypto exchange that owns CoinDesk, provides perpetual futures tied to the CD20.