LCAP is live on Reserve

95% of crypto's market cap in a single token, powered by CF Benchmarks & trading on Kraken today

nagaking

Sep 24, 2025

3 min read

Introducing LCAP, an Index DTF tracking CF Benchmarks’ Large Cap index, now on Reserve and trading on Kraken.

Designed to package 95% of digital-asset market cap into a single token, LCAP offers broad exposure to the largest, most liquid crypto assets, including BTC, ETH, SOL, and DOGE.

And, like all Index DTFs, LCAP is fully backed, auditable, and redeemable onchain 24/7, with no permission required.

Imagen LCAP offers one-click exposure to the top crypto assets, weighted by investible market cap.
Check out LCAP on Reserve and Kraken today.

Institutional-grade indexing, onchain

With the launch of LCAP, institutional-grade indexing comes onchain, powered by CF Benchmarks’ rigorous, rules-based index design.

CF Benchmarks is the world’s largest index provider for digital assets, powering over $80B in index products, including six U.S. spot-Bitcoin ETFs, like BlackRock’s iShares Bitcoin Trust. Named ETF.com’s 2025 “Index Provider of the Year,” CF Benchmarks’ independently audited methodologies set the standard for reliable, transparent digital asset indexes.

Following CF Benchmarks’ Large Cap (Diversified Weight) - US index, LCAP reconstitutes each quarter to include the top assets that make up ~95% of the investible crypto universe, reweighted each quarter by free-float market cap. This way, LCAP keeps you auto-aligned with large-cap leaders, no maintenance necessary.

Available now on Kraken

Immediately at launch, LCAP is available on Kraken to customers worldwide, including the U.S. and Europe (U.K. excluded). Kraken's #1-ranked market quality and deep USD & EUR books streamline trade execution, with regular Proof-of-Reserves ensuring balances are verifiable—not just promised. With 15M+ clients across 190+ countries, it’s a venue built for both access and size.

Imagen Get instant exposure to the top crypto assets. Trade LCAP on Kraken today.