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The industry's first licensed institutional-grade index token will be available to trade on Kraken
NEW YORK, Sept. 24, 2025 /PRNewswire/ -- Reserve, the industry's leading platform for DTFs (Decentralized Token Folios), has announced the Large Cap Index DTF (LCAP), in partnership with CF Benchmarks, the UK FCA-regulated crypto index provider behind BlackRock's Bitcoin ETF. LCAP is an onchain index token providing investors with access to a diversified basket of large-cap crypto assets. Powered by Reserve, the DTF tracks the CF Large Cap Index calculated and published by CF Benchmarks. With MEV Capital as the trading partner, LCAP gains institutional-grade scale and execution.
The $LCAP offers a new way to gain broad, diversified exposure to the largest assets in crypto with a single token. Tracking a total of ten diversified-weighted cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and XRP, LCAP enables eligible users to gain onchain exposure to some of the most prominent names in crypto with ETF-like simplicity.
LCAP is the first onchain index token to trade on Kraken, one of the world's largest digital asset platforms.
"For the first time, we're seeing retail and institutional customers gain access to diversified crypto index products in a highly-liquid venue like Kraken," said Thomas Mattimore, CEO of ABC Labs, a contributor to the Reserve ecosystem. "LCAP gives users access to approximately 90% of the total cryptocurrency market cap in a decentralized, diversified index-based investment product that looks and feels like an ETF, but with the speed and availability of crypto".
Unlike synthetic index tokens, LCAP is backed 1:1 by assets held in smart contracts, benchmarked and weighted according to the CF Benchmarks Large Cap Index (Diversified Weight), and rebalanced on a quarterly basis. A DTF is always redeemable for the assets in the basket, ensuring its value remains aligned with the underlying tokens.
"The launch of LCAP is a major milestone in crypto financial innovation," said Sui Chung, CEO of CF Benchmarks. "By tracking our Large-Cap Index, LCAP will seamlessly deliver diversified exposure to the largest digital assets through one tokenized vehicle. The convergence of tokenization and robust benchmarking stands to open up new paths for investors to gain straightforward market access at scale."
Reserve has already seen over $500M in TVL across its suite of Index and Yield DTFs, which allow users to earn diversified onchain yield on ETH and USDC. LCAP can be minted and redeemed at any time.
For more information about LCAP, please visit: https://reserve.org/lcap-kraken/
About ABC Labs:
ABC Labs is the team behind Reserve Yield and Index Protocols. Their mission is to fight inflation and expand access to better financial products.
About Reserve:
Reserve is a free, permissionless platform to create, own, and govern DTFs (Decentralized Token Folios) — index products and asset-backed currencies launched on its protocols. Reserve's mission is to create a more accessible financial system through decentralized index technology, allowing anyone to build and manage token baskets that work like traditional ETFs but with the benefits of blockchain.
For more information, visit reserve.org
About CF Benchmarks:
CF Benchmarks is the leading regulated cryptocurrency index provider. Authorized and regulated by the UK Financial Conduct Authority (UK FCA) under the UK Benchmarks Regulation (UK BMR). CF Benchmarks (FRN 847100) is on the FCA Benchmarks Register. Benchmark indices are provided through fully replicable public methodologies and transparent governance, for tracking, valuing and settling risk in cryptocurrency products and services.
CF Benchmarks' indices are integrated into some of the largest regulated crypto products by assets. This includes six out of the 11 spot bitcoin ETFs in the US (IBIT, ARKB, EZBC, BITB, BRRR & BTCW) and 99% of the regulated crypto derivatives market, including crypto derivatives offered by CME Group. In total, over $125bn of assets are referenced to CF Benchmarks indices.
For a full list of products that are referenced against CF Benchmarks indices, please visit our website.
About Kraken:
Founded in 2011, Kraken is one of the world's longest-standing and most secure crypto platforms globally. Kraken clients trade more than 450 digital assets, traditional assets such as U.S. futures and U.S.-listed stocks and ETFs, and 6 different national currencies, including GBP, EUR, USD, CAD, CHF, and AUD. Trusted by more than 15 million institutions, professional traders and consumers, Kraken is one of the fastest, most liquid and performant trading platforms available.
Kraken's suite of products and services includes the Kraken App, Kraken Pro, the Krak App, Kraken Institutional, Kraken Onchain and the Ninja Trader retail trading platform. Across these offerings, clients can buy, sell, stake, earn rewards, send and receive assets, custody holdings, and access advanced trading, derivatives, and portfolio management tools.
The industry's first licensed institutional-grade index token will be available to trade on Kraken
NEW YORK, Sept. 24, 2025 /PRNewswire/ -- Reserve, the industry's leading platform for DTFs (Decentralized Token Folios), has announced the Large Cap Index DTF (LCAP), in partnership with CF Benchmarks, the UK FCA-regulated crypto index provider behind BlackRock's Bitcoin ETF. LCAP is an onchain index token providing investors with access to a diversified basket of large-cap crypto assets. Powered by Reserve, the DTF tracks the CF Large Cap Index calculated and published by CF Benchmarks. With MEV Capital as the trading partner, LCAP gains institutional-grade scale and execution.
The $LCAP offers a new way to gain broad, diversified exposure to the largest assets in crypto with a single token. Tracking a total of ten diversified-weighted cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and XRP, LCAP enables eligible users to gain onchain exposure to some of the most prominent names in crypto with ETF-like simplicity.
LCAP is the first onchain index token to trade on Kraken, one of the world's largest digital asset platforms.
"For the first time, we're seeing retail and institutional customers gain access to diversified crypto index products in a highly-liquid venue like Kraken," said Thomas Mattimore, CEO of ABC Labs, a contributor to the Reserve ecosystem. "LCAP gives users access to approximately 90% of the total cryptocurrency market cap in a decentralized, diversified index-based investment product that looks and feels like an ETF, but with the speed and availability of crypto".
Unlike synthetic index tokens, LCAP is backed 1:1 by assets held in smart contracts, benchmarked and weighted according to the CF Benchmarks Large Cap Index (Diversified Weight), and rebalanced on a quarterly basis. A DTF is always redeemable for the assets in the basket, ensuring its value remains aligned with the underlying tokens.
"The launch of LCAP is a major milestone in crypto financial innovation," said Sui Chung, CEO of CF Benchmarks. "By tracking our Large-Cap Index, LCAP will seamlessly deliver diversified exposure to the largest digital assets through one tokenized vehicle. The convergence of tokenization and robust benchmarking stands to open up new paths for investors to gain straightforward market access at scale."
Reserve has already seen over $500M in TVL across its suite of Index and Yield DTFs, which allow users to earn diversified onchain yield on ETH and USDC. LCAP can be minted and redeemed at any time.
For more information about LCAP, please visit: https://reserve.org/lcap-kraken/
About ABC Labs:
ABC Labs is the team behind Reserve Yield and Index Protocols. Their mission is to fight inflation and expand access to better financial products.
About Reserve:
Reserve is a free, permissionless platform to create, own, and govern DTFs (Decentralized Token Folios) — index products and asset-backed currencies launched on its protocols. Reserve's mission is to create a more accessible financial system through decentralized index technology, allowing anyone to build and manage token baskets that work like traditional ETFs but with the benefits of blockchain.
For more information, visit reserve.org
About CF Benchmarks:
CF Benchmarks is the leading regulated cryptocurrency index provider. Authorized and regulated by the UK Financial Conduct Authority (UK FCA) under the UK Benchmarks Regulation (UK BMR). CF Benchmarks (FRN 847100) is on the FCA Benchmarks Register. Benchmark indices are provided through fully replicable public methodologies and transparent governance, for tracking, valuing and settling risk in cryptocurrency products and services.
CF Benchmarks' indices are integrated into some of the largest regulated crypto products by assets. This includes six out of the 11 spot bitcoin ETFs in the US (IBIT, ARKB, EZBC, BITB, BRRR & BTCW) and 99% of the regulated crypto derivatives market, including crypto derivatives offered by CME Group. In total, over $125bn of assets are referenced to CF Benchmarks indices.
For a full list of products that are referenced against CF Benchmarks indices, please visit our website.
About Kraken:
Founded in 2011, Kraken is one of the world's longest-standing and most secure crypto platforms globally. Kraken clients trade more than 450 digital assets, traditional assets such as U.S. futures and U.S.-listed stocks and ETFs, and 6 different national currencies, including GBP, EUR, USD, CAD, CHF, and AUD. Trusted by more than 15 million institutions, professional traders and consumers, Kraken is one of the fastest, most liquid and performant trading platforms available.
Kraken's suite of products and services includes the Kraken App, Kraken Pro, the Krak App, Kraken Institutional, Kraken Onchain and the Ninja Trader retail trading platform. Across these offerings, clients can buy, sell, stake, earn rewards, send and receive assets, custody holdings, and access advanced trading, derivatives, and portfolio management tools.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Reserve and CF Benchmarks Partner on First Index Token, Tracking Over 90% of Crypto Market Cap
- Company named "Best Financially Managed Semiconductor Company (Achieving Greater than $1 Billion in Annual Sales)" and "Outstanding Asia-Pacific Semiconductor Company" simultaneously
- Accelerates recovery from market downturn leveraging world-class HBM leadership; Global management performance recognized
- Reflects company's technology leadership and customer-centric execution
- SK Chairman Chey Tae-won emphasizes: "Technological competitiveness must remain unwavering in challenging times"
- Commits to driving new customer value and leading global AI market growth as a "Full-Stack AI Memory Creator"
SEOUL, South Korea, Dec. 7, 2025 /PRNewswire/ -- SK hynix Inc. (or "the company", www.skhynix.com) announced today that it has been named the winner of the Best Financially Managed Semiconductor Company Award (Achieving Greater than $1 Billion in Annual Sales)[1] and the Outstanding Asia-Pacific Semiconductor Company Award[2] at the Global Semiconductor Alliance (GSA)[3] Awards 2025, held on December 4 PST in Santa Clara, California.
| [1]The Best Financially Managed Semiconductor Company Award: A category recognizing public semiconductor companies based on financial soundness and operational efficiency. Awards are presented in two categories — annual sales over $1 billion and annual sales under $1 billion — and are considered among the most authoritative honors in the global semiconductor industry. |
| [2]Outstanding Asia-Pacific Semiconductor Company Award: A special category recognizing semiconductor companies headquartered in the Asia-Pacific region based on comprehensive evaluations including product excellence, business vision, leadership, and market success. |
| [3]GSA(Global Semiconductor Alliance): A global CEO-level semiconductor organization serving as a hub for technological information sharing across more than 25 countries and over 250 corporate members. |
The GSA Awards, organized annually since 1996, are regarded as the most prestigious honors in the global semiconductor sector, recognizing outstanding performance in leadership, financial results and industry reputation. SK hynix secured its second win in the financial management category following 2017, and its first recognition as the top Asia-Pacific semiconductor company. The dual achievement reinforces the company's reputation as a leading global technology innovator.
While the semiconductor industry faced a severe downturn just two years ago, the company has been the fastest to rebound thanks to its advanced AI memory technologies including HBM. This performance has resulted in global recognition for its operational excellence and financial execution. SK hynix plans to continue building sustainable growth with its dominant leadership in the AI memory market.
The awards reflect the company's proactive delivery of groundbreaking HBM solutions and its steadfast commitment to customer-centric performance in surging global AI demand. SK Chairman Chey Tae-won has consistently emphasized that securing technological competitiveness must remain unwavering, especially during challenging times. This long-term focus on technology investment and global cooperation network has contributed to the company's improved performance and reinforced financial health.
Driven by this strategy, SK hynix has recorded historic performance throughout 2025. For the first three quarters, the company reported revenue of 64 trillion won and operating profit of 28 trillion won in total, positioning it well to surpass its previous full-year earnings record set in 2024 (66 trillion won in revenue and 23 trillion won in operating profit).
Financial health has also significantly strengthened. As of the end of the third quarter, cash and cash equivalents reached 27.9 trillion won, up 10.9 trillion won quarter-over-quarter, while interest bearing debt decreased to 24.1 trillion won— successfully transitioning into a net cash position of approximately 4 trillion won.
To secure long-term leadership in AI memory, SK hynix is accelerating major investments. The Cheongju M15X fab, which opened its cleanroom earlier than planned in October, is on track to begin HBM mass production in the first half of next year. Construction of the first fab in the Yongin Semiconductor Cluster, launched in February, is also progressing ahead of schedule.
With its recent financial achievements and continued expansion, SK hynix is expected to further solidify its AI memory leadership going forward.
SK hynix was represented at the ceremony by Justin Kim, President & Head of AI Infra at SK hynix, and Sungsoo Ryu, President of SK hynix America. "It is a great honor to receive this award." Kim said, "We will continue to lead the market and create new value for customers as a Full-Stack AI Memory Creator, driving growth across the global AI ecosystem."
About SK hynix Inc.
SK hynix Inc., headquartered in Korea, is the world's top tier semiconductor supplier offering Dynamic Random Access Memory chips ("DRAM") and flash memory chips ("NAND flash") for a wide range of distinguished customers globally. The Company's shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.
SEOUL, South Korea, Dec. 7, 2025 /PRNewswire/ -- SK hynix Inc. (or "the company", www.skhynix.com) announced today that it has been named the winner of the Best Financially Managed Semiconductor Company Award (Achieving Greater than $1 Billion in Annual Sales)[1] and the Outstanding Asia-Pacific Semiconductor Company Award[2] at the Global Semiconductor Alliance (GSA)[3] Awards 2025, held on December 4 PST in Santa Clara, California.
| [1]The Best Financially Managed Semiconductor Company Award: A category recognizing public semiconductor companies based on financial soundness and operational efficiency. Awards are presented in two categories — annual sales over $1 billion and annual sales under $1 billion — and are considered among the most authoritative honors in the global semiconductor industry. |
| [2]Outstanding Asia-Pacific Semiconductor Company Award: A special category recognizing semiconductor companies headquartered in the Asia-Pacific region based on comprehensive evaluations including product excellence, business vision, leadership, and market success. |
| [3]GSA(Global Semiconductor Alliance): A global CEO-level semiconductor organization serving as a hub for technological information sharing across more than 25 countries and over 250 corporate members. |
[1]The Best Financially Managed Semiconductor Company Award: A category recognizing public semiconductor companies based on financial soundness and operational efficiency. Awards are presented in two categories — annual sales over $1 billion and annual sales under $1 billion — and are considered among the most authoritative honors in the global semiconductor industry.
[2]Outstanding Asia-Pacific Semiconductor Company Award: A special category recognizing semiconductor companies headquartered in the Asia-Pacific region based on comprehensive evaluations including product excellence, business vision, leadership, and market success.
[3]GSA(Global Semiconductor Alliance): A global CEO-level semiconductor organization serving as a hub for technological information sharing across more than 25 countries and over 250 corporate members.
The GSA Awards, organized annually since 1996, are regarded as the most prestigious honors in the global semiconductor sector, recognizing outstanding performance in leadership, financial results and industry reputation. SK hynix secured its second win in the financial management category following 2017, and its first recognition as the top Asia-Pacific semiconductor company. The dual achievement reinforces the company's reputation as a leading global technology innovator.
While the semiconductor industry faced a severe downturn just two years ago, the company has been the fastest to rebound thanks to its advanced AI memory technologies including HBM. This performance has resulted in global recognition for its operational excellence and financial execution. SK hynix plans to continue building sustainable growth with its dominant leadership in the AI memory market.
The awards reflect the company's proactive delivery of groundbreaking HBM solutions and its steadfast commitment to customer-centric performance in surging global AI demand. SK Chairman Chey Tae-won has consistently emphasized that securing technological competitiveness must remain unwavering, especially during challenging times. This long-term focus on technology investment and global cooperation network has contributed to the company's improved performance and reinforced financial health.
Driven by this strategy, SK hynix has recorded historic performance throughout 2025. For the first three quarters, the company reported revenue of 64 trillion won and operating profit of 28 trillion won in total, positioning it well to surpass its previous full-year earnings record set in 2024 (66 trillion won in revenue and 23 trillion won in operating profit).
Financial health has also significantly strengthened. As of the end of the third quarter, cash and cash equivalents reached 27.9 trillion won, up 10.9 trillion won quarter-over-quarter, while interest bearing debt decreased to 24.1 trillion won— successfully transitioning into a net cash position of approximately 4 trillion won.
To secure long-term leadership in AI memory, SK hynix is accelerating major investments. The Cheongju M15X fab, which opened its cleanroom earlier than planned in October, is on track to begin HBM mass production in the first half of next year. Construction of the first fab in the Yongin Semiconductor Cluster, launched in February, is also progressing ahead of schedule.
With its recent financial achievements and continued expansion, SK hynix is expected to further solidify its AI memory leadership going forward.
SK hynix was represented at the ceremony by Justin Kim, President & Head of AI Infra at SK hynix, and Sungsoo Ryu, President of SK hynix America. "It is a great honor to receive this award." Kim said, "We will continue to lead the market and create new value for customers as a Full-Stack AI Memory Creator, driving growth across the global AI ecosystem."
About SK hynix Inc.
SK hynix Inc., headquartered in Korea, is the world's top tier semiconductor supplier offering Dynamic Random Access Memory chips ("DRAM") and flash memory chips ("NAND flash") for a wide range of distinguished customers globally. The Company's shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
SK hynix Honored with Two Major Titles at GSA Awards 2025
