S&P Global to launch first hybrid index combining cryptocurrencies and crypto-related stocks
Quick Take S&P Dow Jones Indices is launching a new index combining 15 cryptocurrencies and 35 crypto-related stocks. Developed with Dinari, the index restricts each single asset to 5% and requires minimum market caps of $100 million for equities and $300 million for cryptocurrencies.
S&P Global, the company behind the S&P 500 and the Dow Jones Industrial Average, announced its first hybrid cryptocurrency and crypto-related stocks index in collaboration with Dinari.
The S&P Digital Markets 50 will aggregate 15 major cryptocurrencies and 35 stocks connected to companies involved in digital asset operations, infrastructure providers, financial services, blockchain applications, and supporting technologies — designed to meet growing investor demand for diversified exposure to digital assets.
In a statement on Tuesday, S&P Global said this will provide market participants interested in exploring crypto-linked opportunities with a measure of performance across both sides of the crypto ecosystem.
"Cryptocurrencies and the broader digital asset industry have moved from the margins into a more established role in global markets," S&P Dow Jones Indices Chief Product Officer Cameron Drinkwater added. "S&P DJI's expanded index suite offers market participants consistent, rules-based tools to evaluate and gain exposure. From North America to Europe to Asia, market participants are beginning to treat digital assets as part of their investment toolkit — whether for diversification, growth, or innovation strategies."
No single asset will exceed 5% of the Digital Markets 50, with minimum market caps of $100 million for equities and $300 million for cryptocurrencies, as first reported by Barron's. Those caps would currently apply to the top 276 cryptocurrencies.
The index will follow S&P's standard quarterly rebalancing and governance rules, though its full constituent list has yet to be released.
Tokenized benchmark
The S&P Digital Markets 50 joins the firm's existing series of digital asset benchmarks, the S&P Cryptocurrency Indices and S&P Digital Market Indices.
Dinari, a provider of tokenized securities infrastructure, plans to launch an investable token tracking the new benchmark, with the index set to go live on its dShares platform by year-end.
"By making the S&P Digital Markets 50 investible via dShares, we are not just tokenizing an index, we are demonstrating how blockchain infrastructure can modernize trusted benchmarks," Dinari Chief Business Officer Anna Wroblewska said. "For the first time, investors can access both U.S. equities and digital assets in a single, transparent product. This launch shows how onchain technology can expand the reach of established financial standards, making them more efficient, accessible, and globally relevant."
Coinbase, Kraken, Gemini , and Robinhood are among the crypto exchanges looking to grow their tokenized equities businesses.
"I think tokenization is like a freight train," Robinhood CEO Vlad Tenev said last week at Singapore's Token2049 conference. "It can't be stopped and eventually it's going to eat the entire financial system."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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