Digital Asset Management Platform HeightZero Taps CoinDesk Indices to Offer Crypto Basket to Financial Advisers

HeightZero provides a platform for financial advisors to plug in to as a means of offering their clients exposure to a range of assets.

AccessTimeIconFeb 7, 2023 at 1:00 p.m. UTC
Updated May 9, 2023 at 4:07 a.m. UTC

HeightZero, a digital asset management platform, is now offering crypto portfolios to its registered investment advisor (RIA) clients through CoinDesk subsidiary CoinDesk Indices' (CDI) Large Cap Select Index (DLCS).

The DLCS index provides a weighted performance of the largest digital assets, built on CDI's Digital Asset Classification Standard (DACS). DLCS provides exposure to bitcoin (BTC) and the tokens of Ethereum (ETH), Solana (SOL), Polygon (MATIC) and Cardano (ADA).

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  • HeightZero provides a platform for financial advisors to plug into as a means of offering their clients exposure to a range of assets. The firm's aim is to make it easier for financial advisors to provide crypto investments through giving access to a basket of different assets, which may otherwise be a complicated and time consuming process for such entities to invest in themselves.

    "We have found a lot of advisors would like to offer a more sophisticated strategy, but they're not able to do that. They're not doing the analysis of the coins and they don't have the time or the expertise to do so," co-founder of HeightZero A.J. Nary said.

    The first client to sign up to the DLCS-powered offering is Florida-based advisor Lyons Wealth Management.

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    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.