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.

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.

“Of course, we have every millennial that works for us thinks we should have a major pricing, data services, software and participation around a marketplace that is really legitimizing itself. So we’ve got to take it seriously,” he said.

Representatives for IHS Markit and Lukka did not immediately respond to request for comment.


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IHS Markit Likely to Join Race for Crypto Indexes on Wall Street: Exec

by Mario Herndon
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