Reserve, in collaboration with CF Benchmarks and MEV Capital, has launched LCAP, the first licensed institutional-grade index token, now available on Kraken. LCAP tracks the top 10 cryptocurrencies by market cap, representing over 90% of the total crypto market. Unlike synthetic tokens, LCAP is fully backed 1:1 by assets in a smart contract, providing ETF-like diversification with quarterly rebalancing. This innovation offers both retail and institutional investors diversified crypto exposure through Kraken's trading platform.