Manhattan-based media giant Bloomberg, alongside Galaxy Digital, will launch the Bloomberg Galaxy DeFi Index (ticker: DEFI) and Galaxy DeFi Index Fund. The crypto index/benchmark will measure the performance of large DeFi protocols by market cap that offer financial services without a centralized financial intermediary, such as an exchange, brokerage or bank. The assets in the DeFi Index are picked based on institutional trading, custody readiness, and pricing quality.