Summary
Bonanza Lab has registered a patent covering its technology for digital asset index calculation data services — a system that manages the entire index operation lifecycle in one place.
The patented approach runs from collecting and standardizing data across multiple exchanges through quality assessment, index calculation, anomaly monitoring, incident response and result delivery. It is built around making the calculation process reliable and transparent enough for a digital asset index to serve as the reference price for a financial product, and it incorporates requirements the company identified while running index calculation proofs of concept with Korean index providers: data quality control, calculation audit trails, incident handling and result verification.
Co-CEO Hyeyeon Park said that for digital assets to function as underlying assets in financial products, the market needs both trustworthy data and infrastructure that can calculate and operate on a consistent basis. She added that the patent gives Bonanza Lab a foundation to prepare infrastructure for the digital asset product market — Bitcoin ETFs among them — and to expand work with financial institutions and index providers.
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