Trakx and Green Crypto Research announce the launch of the first ESG crypto index

Trakx and Green Crypto Research announce the launch of the first ESG crypto index

PARIS, October 4th, 2022 – Trakx, an emerging global fintech company providing thematic Crypto Tradable Indices ("CTIs") through its registered Tier-1 trading platform, today announced it has entered into a strategic partnership with Green Crypto Research (GCR), an independent non-profit association that developed the first ESG rating methodology for crypto-assets. Based on the ESG assessments conducted by GCR, Trakx has launched the very first sustainable crypto index: Trakx ESG.

Trakx ESG is a crypto tradable index (CTI) that is designed to replicate the price of crypto assets given an A rating by GCR in the categories of environmental and social impact as well as governance in regard to the asset’s underlying technology. GCR leverages its industry-leading ESG analytics framework to score the largest assets in all three areas. Once selected, the crypto assets are weighted according to their market capitalisations subject to a cap so that the CTI can be properly diversified.

Lionel Rebibo, CEO and Co-Founder of Trakx, commented on the news, “The environmental impact of crypto has been heavily debated since its inception. With the importance and relevance of digital assets continuing to expand around the globe, many of our investors have expressed interest in the ESG side of crypto, leading us to create Trakx ESG. Through this latest CTI, we can provide our institutional clientele with a secure, transparent and liquid crypto ESG product, which allows them to gain exposure to this premier asset class in a regulated and socially-minded manner.”