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Two digital-oriented companies have teamed up to establish a benchmark price for ethereum, the world’s second-largest cryptocurrency by market value.

The New York-based blockchain application startup ConsenSys, in partnership with TrueDigital, a subsidiary of global electronic exchange for interest rate swaps trueEX, announced plans to develop a target reference index for ethereum prices. The move is an initial part of a broader project to make more crypto-trading products available for institutional investors, such as banks, investment funds, brokerage firms or insurance companies.

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