DLT Financial and London FinTech Startup Tramonex Launch DLT10

September 8, 2016 By: Mike Dautner

Newly founded DLT Financial and fintech company Tramonex, a rapidly growing financial services provider out of London, announced today the launch of DLT10, a crypto-currency financial index.

Designed to track the performance of major digital currencies that run on public blockchains, the index unlocks information and access to the 10 most relevant crypto-currencies via corresponding tracker fund.

Starting today, these digital currencies are more accessible to investors who will no longer require technical expertise to follow their performance and make investments.

The DLT10 index officially lists ten currencies; cover a wide array of tradable crypto-currencies such as Bitcoin, Ethereum, Ripple, Stellar, Litecoin, Dogecoin, MadeSafeCoin, NameCoin, Factom, and NXT.

“Crypto-currencies and the blockchain are growing at a terrific pace, with equity investment into blockchain companies growing from $2 million in 2012 to $490 million in 2015,” said Dave Askey, Co-Founder of DLT Financial and Tramonex CTO. “It has become clear that these technologies are here to stay and that their impact will be significant, yet the asset class is still vastly underinvested because of how technical it is today. DLT10 and its corresponding tracker fund will allow more people and institutions to invest in this asset class by providing a familiar, simplified investment model.”

Tramonex CEO Amine Berraoui, commented: “Tramonex is very pleased to collaborate with DLT Financial for the launch of its DLT10 index and fund. We see this as a continuation of Tramonex’s role in bridging the traditional and institutional side of finance with innovative technology. Our main goal is to position crypto-currencies as a new asset class for the investment community, and to provide greater access to this still complex and opaque investment class, and DLT Financial is taking a further in this direction.”