Yewno Partners With STOXX to Launch Blockchain Index
Artificial Intelligence provider for the financial sector, Yewno, announced the launch of the iSTOXX Yewno Developed Markets Blockchain Index together with STOXX, Deutsche Börse Group’s index provider. This is the second index based on Yewno’s unique algorithm launched by STOXX, following the STOXX AI Global Artificial Intelligence Index introduced January this year. This new Index leverages Yewno’s intelligent framework and extracts a portfolio of companies from a wide range of industries that are highly exposed in the development of technologies related to blockchain. These companies are therefore considered to be well-positioned to benefit from the increased adoption of blockchain.
The iSTOXX Yewno Developed Markets Blockchain Index methodology involves an underlying dynamic knowledge graph which aggregates a large volume of structured and unstructured data in order to find companies that are exposed to Blockchain technology and research. The selection of companies can span multiple sectors and industries, and each component is selected based on the highest exposure to the target theme. The approach leverages advanced techniques typically applied within the fields of complex systems, computational linguistics and artificial intelligence.
This particular index includes companies selected from the STOXX® Developed Markets Total Market Index which are found to have exposure to Blockchain. The Index will serve as underlying strategy for an exchange-traded fund to be listed on the Canadian market in coming weeks.
“Blockchain is one of the most disruptive megatrends of our times and will play a major role in the transition towards a digital, highly technological world. We are excited to team up again with award-winning AI company Yewno. Their advanced approach, identifying the constituents for this index in a fully automated way is complementing STOXX’s approach to offer rules-based and transparent investment strategies,” Matteo Andreetto, CEO of STOXX said.
