The Nomura Research Institute (NRI), a leading provider of consulting services and system solutions, has announced the development of a price estimation for crypto-assets.
According to the press release, the “NRI/IU Crypto-Asset Reference Price” is being launched in coordination with Intelligence Unit LLC (IU). The two companies previously partnered to launch the Crypto-Asset Index in February, which has served as a benchmark for institutionally oriented investors.
The release claims the new product will help meet demand from professional investors and exchanges for an estimate of the best price for each crypto-asset.
The post reads,
As global crypto exchanges and markets continue to expand, there has been growing demand for indexing and pricing tools from market participants looking to best inform their investment decisions.
Users will have access to real-time price estimations in Japanese Yen (JPY) for bitcoin, ethereum, XRP and other crypto-assets. Investors can also utilize the reference’s tools to calculate “objective market valuation” and price.
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