It was announced by Bloomberg today that it has partnered with Galaxy Digital to launch the Bloomberg Galaxy DeFi Index (DEFI). The Index will track the largest decentralised finance (DeFi) protocols by market value.  According to the PR article provided by Bloomberg, the Index will be able to track certain DeFi protocols that have the advantages of having no central financial intermediaries, such as brokers, exchanges or banks.   The benchmark service will be owned and operated by Bloomberg Index Services Limited, and will be co-branded with Galaxy Digital.  Galaxy Digital’s fund platform, Galaxy Fund Management, will also offer the Galaxy DeFi Index Fund, which will track the performance of DEFI.  According to Alan Campbell, Head of Product Management for Bloomberg's Multi-Asset Index business:  "Decentralized finance is growing as the next major investment theme within crypto. As liquidity and institutional custody solutions continue to grow, DeFi has become an increasingly compelling option for institutional investors, and we'll continue working with Galaxy to expand our crypto index offering."  On behalf of Galaxy, Steve Kurz, head of Asset Management, said:  "Galaxy continues to pioneer inroads for institutions seeking exposure to the innovation happening within the crypto ecosystem. The blockchain-based infrastructure behind DeFi is maturing at an accelerating rate and clear examples of how this new technology can disrupt financial services are emerging in real-time. This partnership with Bloomberg and our DeFi Index Fund provides investors with data and tools that deliver calculated exposure to the future of financial services."  The index will be made up of DeFi protocols that will have no less than 1% and no more than 40% of the index. On launch, the protocols included in the index will consist of the following:  UNI Uniswap 40.0%  AAVE AAVE 18.0%  MKR Maker 12.7%  COMP Compound 10.0%  YFI Yearn.Finance 5.4%  SNX Synthetix 5.0%  SUSHI SushiSwap 4.3%  ZXR 0x 2.8%  UMA UMA 1.8%  Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.