S&P Global to launch index combining cryptocurrencies and digital stocks
- S&P Global creates index with cryptocurrencies and crypto stocks
- Product includes 15 cryptos and 35 companies in the sector
- Dinari to launch investable token based on new benchmark
S&P Global, the company behind indexes such as the S&P 500 and the Dow Jones Industrial Average, announced the launch of the S&P Digital Markets 50, its first hybrid index combining cryptocurrencies and stocks of crypto-related companies. The new product is being developed in partnership with Dinari, a provider of tokenized securities infrastructure.
The index will bring together 15 of the leading cryptocurrencies and 35 stocks from companies involved in digital assets, blockchain infrastructure, financial services, and supporting technology. According to S&P, the goal is to offer investors a diversified exposure to the crypto ecosystem and the companies driving its global adoption.
Cameron Drinkwater, director of products at S&P Dow Jones Indices, highlighted that the movement reflects the growing integration between the traditional and digital markets.
“Cryptocurrencies and the digital asset industry are no longer marginal and have become a more established player in global markets,”
stated.
“S&P DJI’s expanded suite of indices offers consistent, rules-based tools for assessing and gaining exposure.”
No single asset may represent more than 5% of the index, while the minimum market cap requirements will be $100 million for stocks and $300 million for cryptocurrencies. The index will follow the same governance rules and quarterly rebalancing as the main S&P benchmarks, although the full list of constituents has not yet been released.
Dinari plans to launch an investable token that tracks the index's performance, making the benchmark accessible through its dShares platform by the end of the year.
“By making the S&P Digital Markets 50 investable via dShares, we are not just tokenizing an index, but demonstrating how blockchain infrastructure can modernize trusted benchmarks,”
said Anna Wroblewska, the company's business director.
With the new index, S&P Global expands its series of digital benchmarks and reinforces the convergence between the traditional financial sector and the crypto market, at a time when asset tokenization and on-chain integration are gaining traction among institutional investors and market platforms.
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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