IHS Markit will likely join the cryptocurrency index game, the company’s President of Financial Services Adam Kansler said during the financial information giant’s Wednesday earnings call.
Kansler told analysts that IHS Markit already has “tactical partnerships” with crypto firms like Lukka to source cryptocurrency pricing and reference data. These data points could form the bedrock of a cryptocurrency index product although Kansler said IHS Markit currently uses them to help clients value portfolios.
“So it’s an area where we’ll continue to focus not just on the valuations side, but probably even moving into the index side in the near future as well,” he said, referring to cryptocurrencies.
IHS Markit executives acknowledged Wednesday that bitcoin has generational momentum behind it. Chairman and CEO Lance Uggla said the younger ranks of his firm are chomping for more products in the crypto space, even if the firm has “nothing big and significant” in the pipeline.