Galaxy Digital partners with Bloomberg for DeFi index

Financial news site Bloomberg and Galaxy Digital Management have expanded their crypto offering to track the performance of the decentralized finance (DeFi) space. In a Thursday announcement, Bloomberg said it would launch an index currently tracking nine different decentralized finance projects with Galaxy Digital. As of Aug. 1, these projects included Uniswap (UNI), Aave (AAVE), Maker (MKR), Compound (COMP), Yearn.Finance (YFI), Synthetic (SNX), SushiSwap (SUSHI), 0x (ZXR) and Uma (UMA). "Decentralized finance is growing as the next major investment theme within crypto," said Alan Campbell, Bloomberg's multi-asset index business' head of product management. "As liquidity and institutional custody solutions continue to grow, DeFi has become an increasingly compelling option for institutional investors.”