Reserve & CF Benchmarks Launch $LCAP, First Licensed Crypto Index Token on Kraken

Reserve, a platform for Decentralized Token Folios (DTFs), has partnered with CF Benchmarks, the UK FCA-regulated index provider behind BlackRock’s Bitcoin ETF, to launch the Large Cap Index DTF ($LCAP).

The new token is the industry’s first licensed, institutional-grade on-chain index product and will be available for trading on Kraken, one of the world’s largest cryptocurrency exchanges.

One token, 95% crypto market exposure

Introducing the CF Large Cap Index DTF

Powered by Reserve and available for trading today on @krakenfx, $LCAP tracks @CFBenchmarks’ Large Cap Index

Make your move and buy $LCAP on Kraken https://t.co/Xog1JS8WHk pic.twitter.com/EXS8xcquaw

The $LCAP token provides investors with diversified exposure to over 90% of the cryptocurrency market cap through a single, blockchain-native vehicle.

The index includes ten large-cap cryptocurrencies, among them Bitcoin, Ether, and XRP, and is benchmarked against CF Benchmarks’ Large Cap Index.

According to Reserve, $LCAP is backed 1:1 by underlying assets held in smart contracts. The portfolio is rebalanced quarterly and is redeemable for its underlying components.

Thomas Mattimore, CEO of ABC Labs, a contributor to the Reserve ecosystem, explains that the launch represents a step forward in bringing traditional investment simplicity into crypto markets.

“$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,” said Mattimore.

The structure allows both retail and institutional investors to gain broad crypto exposure in a regulated, transparent, and liquid manner.

$LCAP is supported by Reserve’s decentralized index infrastructure and is executed in partnership with MEV Capital, a firm specializing in institutional-scale trading.

“By tracking our Large Cap Index, $LCAP will seamlessly deliver diversified exposure to the largest digital assets through one tokenized vehicle,” said Sui Chung, CEO of CF Benchmarks.

Reserve already oversees more than $500 million in total value locked (TVL) across its suite of index and yield DTFs. These products allow users to earn on-chain yield denominated in assets such as ETH and USDC.

With $LCAP, Reserve is expanding its product offering to investors seeking both diversification and institutional-grade safeguards.

The introduction of $LCAP on Kraken shows growing alignment between regulated benchmarks and tokenized investment products. It also shows the trend of bringing ETF-like experiences to crypto markets, where efficiency, accessibility, and decentralization intersect.

Last year, the Chicago Mercantile Exchange (CME) Group and CF Benchmarks started offering new reference rates and real-time indices for Ripple (XRP) and Internet Computer (ICP).

According to a July 11 announcement made by the CME Group, CF Benchmarks will publish these new indices daily to deliver accurate and reliable pricing information for Ripple and Internet Computer to a broad range of market participants.

The post Reserve & CF Benchmarks Launch $LCAP, First Licensed Crypto Index Token on Kraken appeared first on Cryptonews.