VanEck and Marketvector Indexes Complete Strategic Investment in Digital Asset Data Provider CCData

VanEck and Marketvector Indexes Complete Strategic Investment in Digital Asset Data Provider CCData

by January 29, 2024

CCData, a London-based digital asset data and index provider, announced that it has secured a strategic investment round led by VanEck, the New York City-based asset manager.

The investment comes through VanEck’s affiliate MarketVector Indexes, a leading global index provider with more than $33 billion in licensed assets tracking its benchmarks. MarketVector has partnered with CCData on its suite of market-leading digital asset indexes since 2017. CCData’s successful funding strategically positions the company to meet increasing institutional demand and further enhance its data and index solutions.

Founded in 2014, CCData aggregates live crypto data feeds from globally recognised exchanges to provide comprehensive and accurate digital asset data, reference rates and indexes. At present, CCData’s market-leading data solutions are utilised by leaders in the traditional financial and digital assets worlds, including MSCI, Pantera, Ripple, BitGo, Metamask, Coinbase, and 21Shares, alongside strategic distribution partnerships with platforms such as Refinitiv, SIX Digital, and FactSet.

This announcement follows a year of significant milestones for the digital asset sector, highlighted by numerous regulatory advancements, substantial institutional inflows, and a surge in spot Bitcoin ETF applications, including a submission by VanEck that features underlying data from CCData. As an increasing number of institutions look to gain exposure to this asset class, accurate digital asset data solutions have never been more important.

Charles Hayter

Charles Hayter

“With influential institutions actively entering the digital asset sector, the demand for robust data and indexing solutions that mirror the gold standard of traditional finance is paramount. VanEck’s investment in CCData stands testament not only to the achievements and growth we have made in this area since launching in 2014, but also to the strides taken by the digital asset industry over the last years. With the first U.S. spot Bitcoin ETFs now approved, the digital asset sector is poised for a powerful phase of adoption, in which trusted market-leading data solutions will play a crucial role in steering its growth”

said Charles Hayter, CEO and Co-Founder of CCData.

“CCData is aligned with our goal of providing quality information to digital asset investors. To make informed decisions, investors need accurate data. We look forward to CCData’s continued growth and expansion of products to meet client needs. stated Jan van Eck, CEO of Van Eck Associates Corp. ‘To me, one of their most impressive milestones was when they received authorisation as an FCA authorised benchmark administrator, aligning their market-leading methodologies with the U.K.’s regulatory standards, “

he added.

Steven Schoenfeld

Steven Schoenfeld

“MarketVector has been a partner with CCData since 2017, when we launched our initial family of Digital Asset indexes,”

stated Steven Schoenfeld, CEO of MarketVector Indexes.

“We continue to innovate and grow our crypto index and data capabilities together with CCData, ensuring relevant, reliable and regulatory-compliant solutions for our clients,”

he continued.


Featured image credit: Edited from freepik