NEWS: Reserve and CF Benchmarks Partner on First Index Token, Tracking Over 90% of Crypto Market Cap[/size][/size]

>> The industry's first licensed institutional-grade index token will be available to trade on Kraken

NEW YORK, Sept. 24, 2025 -- Reserve, the industry's leading platform for DTFs (Decentralized Token Folios), has announced the Large Cap Index DTF (LCAP), in partnership with CF Benchmarks, the UK FCA-regulated crypto index provider behind BlackRock's Bitcoin ETF. LCAP is an onchain index token providing investors with access to a diversified basket of large-cap crypto assets. Powered by Reserve, the DTF tracks the CF Large Cap Index calculated and published by CF Benchmarks. With MEV Capital as the trading partner, LCAP gains institutional-grade scale and execution.

The $LCAP offers a new way to gain broad, diversified exposure to the largest assets in crypto with a single token. Tracking a total of ten diversified-weighted cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and XRP, LCAP enables eligible users to gain onchain exposure to some of the most prominent names in crypto with ETF-like simplicity.

LCAP is the first onchain index token to trade on Kraken, one of the world's largest digital asset platforms.

"For the first time, we're seeing retail and institutional customers gain access to diversified crypto index products in a highly-liquid venue like Kraken," said Thomas Mattimore, CEO of ABC Labs, a contributor to the Reserve ecosystem. "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, but with the speed and availability of crypto".

Unlike synthetic index tokens, LCAP is backed 1:1 by assets held in smart contracts, benchmarked and weighted according to the CF Benchmarks Large Cap Index (Diversified Weight), and rebalanced on a quarterly basis.  A DTF is always redeemable for the assets in the basket, ensuring its value remains aligned with the underlying tokens.

"The launch of LCAP is a major milestone in crypto financial innovation," said Sui Chung, CEO of CF Benchmarks. "By tracking our Large-Cap Index, LCAP will seamlessly deliver diversified exposure to the largest digital assets through one tokenized vehicle. The convergence of tokenization and robust benchmarking stands to open up new paths for investors to gain straightforward market access at scale."

Reserve has already seen over $500M in TVL across its suite of Index and Yield DTFs, which allow users to earn diversified onchain yield on ETH and USDC. LCAP can be minted and redeemed at any time.

For more information about LCAP, please visit: https://reserve.org/lcap-kraken/