PRESS RELEASE

VanEck and MarketVector Indexes Complete Strategic Investment in CCData, Leading Global Digital Asset Data Firm

CCData is delighted to announced that it has secured a strategic investment round led by VanEck's subsidiary MarketVector Indexes.

  • January 22, 2024

VanEck and MarketVector Indexes Complete Strategic Investment in CCData, Leading Global Digital Asset Data Firm

London & New York, 22nd January: CCData, the FCA-authorised benchmark administrator and global leader in digital asset data and index solutions, today announced that it has secured a strategic investment round led by VanEck, the New York City-based asset manager. The investment comes through VanEck’s affiliate MarketVector Indexes, a leading global index provider with more than $33 billion in licensed assets tracking its benchmarks. MarketVector has partnered with CCData on its suite of market-leading digital asset indexes since 2017. CCData's successful funding strategically positions the company to meet increasing institutional demand and further enhance its data and index solutions. 

Founded in 2014, CCData aggregates live crypto data feeds from globally recognised exchanges to provide comprehensive and accurate digital asset data, reference rates and indexes. At present, CCData’s market-leading data solutions are utilised by leaders in the traditional financial and digital assets worlds, including MSCI, Pantera, Ripple, BitGo, Metamask, Coinbase, and 21Shares, alongside strategic distribution partnerships with platforms such as Refinitiv, SIX Digital and FactSet.

Despite volatile market conditions, CCData achieved consistent growth in its data and index divisions throughout 2023, supported by ISO and FCA accreditation. It also achieved Best Digital Asset Data Provider by Hedgeweek in 2023, further reinforcing its commitment to data integrity. 

This announcement follows a year of significant milestones for the digital asset sector, highlighted by numerous regulatory advancements, substantial institutional inflows, and a surge in spot Bitcoin ETF applications, including a submission by VanEck that features underlying data from CCData. As an increasing number of institutions look to gain exposure to this asset class, accurate digital asset data solutions have never been more important.

"With influential institutions actively entering the digital asset sector, the demand for robust data and indexing solutions that mirror the gold standard of traditional finance is paramount. VanEck’s investment in CCData stands testament not only to the achievements and growth we have made in this area since launching in 2014, but also to the strides taken by the digital asset industry over the last years. With the first U.S. spot Bitcoin ETFs now approved, the digital asset sector is poised for a powerful phase of adoption, in which trusted market-leading data solutions will play a crucial role in steering its growth” said Charles Hayter, CEO and Co-Founder of CCData.
“CCData is aligned with our goal of providing quality information to digital asset investors. To make informed decisions, investors need accurate data. We look forward to CCData’s continued growth and expansion of products to meet client needs. stated Jan van Eck, CEO of Van Eck Associates Corp. 'To me, one of their most impressive milestones was when they received authorisation as an FCA authorised benchmark administrator, aligning their market-leading methodologies with the U.K.'s regulatory standards, " he added.
“MarketVector has been a partner with CCData since 2017, when we launched our initial family of Digital Asset indexes,” stated Steven Schoenfeld, CEO of MarketVector Indexes. “We continue to innovate and grow our crypto index and data capabilities together with CCData, ensuring relevant, reliable and regulatory-compliant solutions for our clients,” he continued. 

About CCData - https://ccdata.io

CCData is an FCA-authorised benchmark administrator and global leader in digital asset data, providing institutional-grade digital asset data and settlement indices. By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CCData provides a comprehensive and granular overview of the market across trade, derivatives, order book, historical, social and blockchain data.

About VanEck – www.VanEck.com

VanEck has a history of looking beyond the financial markets to identify trends likely to create impactful investment opportunities since its founding in 1955. As one of the first US asset managers to offer investors access to international markets, setting the tone for the firm’s drive to identify asset classes and trends that subsequently shaped the investment industry – including gold investing in 1968, emerging markets in 1993, ETFs in 2006 and Digital Assets in 2017.

Today VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes, with more than $88 billion in assets under management, including mutual funds, ETFs and institutional accounts. The firm’s capabilities range from core investment opportunities to more specialised exposures to enhance portfolio diversification. 

About MarketVector Indexes – www.MarketVector.com 

MarketVector Indexes is a Regulated Benchmark Administrator in Europe, incorporated in Germany and registered with the Federal Financial Supervisory Authority (BaFin). With a mission to accelerate index innovation globally, MarketVector maintains the MarketVector, MVIS and BlueStar index names and is best known for its broad range of Thematic indexes, its long-running expertise in Hard Asset indexes and its pioneering Digital Asset index family. MarketVector is proud to partner with more than 30 Exchange Traded Product (ETP) issuers and index fund managers in markets worldwide, with more than US$ 33 billion in licensed assets under management.

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