REDWOOD CITY, Calif.--(BUSINESS WIRE)--Yewno, Inc., a leading provider of Artificial Intelligence solutions in the Financial sector, today announces the launch of the iSTOXX Yewno Developed Markets Blockchain Index together with STOXX, Deutsche Börse Group’s index provider. This is the second index based on Yewno’s unique algorithm launched by STOXX, following the STOXX® AI Global Artificial Intelligence Index introduced January this year. This new Index leverages Yewno’s intelligent framework and extracts a portfolio of companies from a wide range of industries that are highly exposed in the development of technologies related to blockchain. These companies are therefore considered to be well-positioned to benefit from the increased adoption of blockchain.
The iSTOXX Yewno Developed Markets Blockchain Index methodology involves an underlying dynamic knowledge graph which aggregates a large volume of structured and unstructured data in order to find companies that are exposed to Blockchain technology and research. The selection of companies can span multiple sectors and industries, and each component is selected based on the highest exposure to the target theme. The approach leverages advanced techniques typically applied within the fields of complex systems, computational linguistics and artificial intelligence.
This particular index includes companies selected from the STOXX® Developed Markets Total Market Index which are found to have exposure to Blockchain. The Index will serve as underlying strategy for an exchange-traded fund to be listed on the Canadian market in coming weeks.
“Yewno continues its journey in the creation of unique instruments able to surface hidden relationships across billions of increasingly fragmented, structured and unstructured data points leveraging our proprietary dynamic knowledge graph and Inference Engine. Once again, we are proud to strengthen our relationship with key partners such as STOXX in order to build solutions that readily capture emerging signals from a multitude of information sources,” said Yewno CEO Ruggero Gramatica.
“Blockchain is one of the most disruptive megatrends of our times and will play a major role in the transition towards a digital, highly technological world. We are excited to team up again with award-winning AI company Yewno. Their advanced approach, identifying the constituents for this index in a fully automated way is complementing STOXX's approach to offer rules-based and transparent investment strategies,” said Matteo Andreetto, CEO of STOXX.
“With STOXX Thematic Indices we target investment exposure to modern megatrends, and provide solutions to make that exposure precise and reliable,” said Roberto Lazzarotto, Global Head of Sales at STOXX. “The iSTOXX Yewno Developed Markets Blockchain Index fulfills both goals, offering a unique strategy geared to a fascinating technological evolution of our times.”
Founded in 2015, Yewno is helping the world to uncover the undiscovered through its advanced dynamic Knowledge Graph and AI based inference engine, which introduces an entirely new approach to knowledge extraction. Yewno Inference Engine incorporates machine learning, neural networks, and computational linguistics into an intelligent framework to enhance human understanding by correlating concepts across a vast volume of sources. Headquartered in Redwood City, CA, and with offices in London and New York, Yewno is backed by leading investors including Pacific Capital and currently has numerous partnerships across the finance sector, top research universities, publishers and content aggregators worldwide. Yewno was recently named Outsell’s 2017 Emerging Company of the Year, and was chosen from among 250 major disruptors in the global information industry.
For more information, visit www.yewno.com.
STOXX Limited is a globally integrated index provider, covering the world markets across all asset classes – developing, maintaining, distributing and marketing a comprehensive global family of strictly rules-based and transparent indices. STOXX is a wholly owned subsidiary of Deutsche Börse Group. STOXX calculates more than 12,000 indices and in addition acts as the marketing agent for the indices of Deutsche Börse indices like DAX.
STOXX indices are licensed to financial institutions and other users for use with exchange-traded funds (ETFs), mutual funds, futures, options, structured products, and other purposes.