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Alternative Market Briefing

Yewno partners with STOXX to launch Blockchain Index in preparation of ETF

Monday, August 20, 2018

Laxman Pai, Opalesque Asia:

Yewno, a provider of Artificial Intelligence solutions in the financial sector, has partnered with STOXX to launch the iSTOXX Yewno Developed Markets Blockchain Index.

A press release from STOXX, which is a wholly owned subsidiary of Deutsche Börse Group and its index provider pointed out that 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.

The 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.

It said that 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 press release quoted Yewno CEO Ruggero Gramatica as saying that: "Yewno continues its journey in the creation of unique instruments able to surface hidden relationships across billions of increasingly fragmented, structured and unstructured data points leveraging our proprietary dynamic knowledge graph and Inference Engine."

The selection of companies can span multiple sectors and......................

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