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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
Enhances scalable EPMS capabilities, strengthens hyperscale data center offering, and establishes a strategic foundation for Latin American growth.
- The deal expands AZZO's ability to deliver standardized EPMS across multi-site, mission-critical portfolios
- Qubits Energy brings proven expertise in deploying energy systems for hyperscale data centers and colocation providers
- Integration with AZZO's EnergyX® platform creates a unified solution for monitoring, control, and energy optimization
- The acquisition enhances automation capabilities through AI-enabled engineering and deployment
- AZZO gains an immediate operational footprint in Latin America via Qubits Energy's Colombia presence
- The combined business is positioned to support rapid global growth in data center and digital infrastructure markets
- The transaction strengthens AZZO's position in mission-critical infrastructure, where reliability and scalability are essential
NASHVILLE, Tenn., April 6, 2026 /PRNewswire/ -- AZZO, a leading energy technology and services company, today announced the acquisition of Qubits Energy, a specialist in Electrical Power Management Systems (EPMS), advanced automation, and energy management solutions for data centers and other mission-critical facilities.
The acquisition expands AZZO's ability to deliver standardized, high-performance energy management systems across global data center and critical infrastructure portfolios, while establishing a strategic foothold in Latin America.
Qubits Energy, headquartered in Nashville, Tennessee, has built a strong reputation for delivering EPMS across large, distributed environments. Its engineering-led approach enables rapid deployment, consistency across sites, and high operational reliability.
By integrating Qubits Energy's capabilities into its EnergyX® platform, AZZO will deliver a unified architecture for monitoring, automation, and control across complex energy environments. This integration enhances AZZO's ability to support customers operating at scale specifically in high-growth sectors such as data centers.
Qubits Energy brings established relationships with hyperscale data center owners and major colocation providers, supporting environments where uptime, scalability, and speed of deployment are critical. These capabilities complement AZZO's EnergyX® platform and lifecycle services, positioning the combined organization to deliver consistent energy management systems across global portfolios, support rapid expansion of data center infrastructure in North America, and improve operational efficiency and reliability at scale.
The acquisition also provides AZZO with an established operational presence in Colombia, creating a foundation for growth across Latin America, a region experiencing increasing demand for digital infrastructure and energy resilience. This presence enables local engineering and delivery capabilities, supports global customers expanding into LATAM markets, and allows for scalable deployment of EnergyX® solutions across emerging data center hubs.
James DiLiberto, CEO of AZZO, said:
"Data center growth is accelerating globally, driving demand for standardized, scalable energy management solutions. Qubits Energy has demonstrated the ability to deliver these systems across complex, multi-site environments. By combining their expertise with AZZO's EnergyX® platform and lifecycle services, we can offer a unified solution to support the next generation of mission-critical infrastructure."
Ivan Ospina, CEO of Qubits Energy, added:
"Joining AZZO enables us to expand our reach and deliver our EPMS and automation capabilities on a global scale. Together, we are well positioned to provide intelligent, standardized energy systems to some of the world's most demanding data center environments."
Qubits Energy's team and solutions will be integrated into AZZO immediately. AZZO plans to accelerate investment in AI-driven automation and mission-critical services within its EnergyX® platform.
About AZZO
AZZO is an energy technology and services company that helps customers manage complex energy ecosystems. With over 20 years of experience, AZZO specializes in microgrids and energy management for critical infrastructure. Its EnergyX® platform provides real-time visibility, control, and analytics to deliver energy resilience, improved economics, and operational flexibility. For more information, please visit www.azzo.com.
About Qubits Energy
Qubits Energy delivers standardized Electrical Power Management Systems (EPMS) for mission-critical facilities, with a focus on multi-site data center environments. Its engineering-led approach and automation capabilities enable consistent, high-performance implementations across global portfolios. For more information, please visit www.qubitsenergy.com.
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AZZO Acquires Qubits Energy to Deliver Scalable Energy & Power Management for Data Centers and Other Mission-Critical Facilities
AZZO Acquires Qubits Energy to Deliver Scalable Energy & Power Management for Data Centers and Other Mission-Critical Facilities
