VanEck and MarketVector complete 'strategic investment in CCData
POPULAR analytics platform CCData has secured a strategic investment round led by New York-based asset manager VanEck.
The investment in the FCA-authorised administrator and digital asset data specialist comes through VanEck’s affiliate MarketVector Indexes - a global index provider with more than $33billion in licensed assets tracking its benchmarks. MarketVector has partnered with CCData on its suite of digital asset indexes since 2017.
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 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.
The company’s co-founder and CEO, Charles Hayter, explained to The Digital Commonwealth that institutional data quality was paramount with the dawn of exchange-traded funds (ETFs).
“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,” he said.
“With the first US 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.”
Jan Van Eck – CEO of Van Eck Associates Corp –said his company had a common goal with CCData of providing quality information to digital asset investors.
“To make informed decisions, investors need accurate data,” he explained.
“We look forward to CCData’s continued growth and expansion of products to meet client needs.
“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 UK's regulatory standards.”
Steven Schoenfeld, CEO of MarketVector Indexes, added: “MarketVector has been a partner with CCData since 2017, when we launched our initial family of Digital Asset 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.”
