S&P Launches Digital Markets 50 Index: A Hybrid of Crypto and Blockchain Stocks
S&P Global is expanding its digital asset benchmarks with the launch of the S&P Digital Markets 50 Index. This hybrid index combines 15 leading cryptocurrencies with 35 blockchain-related stocks, offering diversified exposure across the crypto ecosystem. Dinari, a provider of tokenized U.S. public securities, has partnered with S&P Global to create a token tracking the benchmark.
The S&P Digital Markets 50 Index is designed to appeal to institutional investors seeking crypto market exposure but facing restrictions on direct cryptocurrency holdings. It will include companies involved in digital asset operations, infrastructure, financial services, blockchain applications, and supporting technologies. The cryptocurrency selection will be drawn from S&P's existing Broad Digital Market Index, which uses a rules-based methodology for digital asset inclusion.
The index is set to launch soon, although S&P Global has not yet disclosed the specific date or details about constituent selection criteria, weighting methodology, or rebalancing frequency. Dinari's tokenized tracking product will enable investors to hold exposure to the index through blockchain-based shares, potentially offering features like fractional ownership, 24/7 trading, and programmable compliance.
The S&P Digital Markets 50 Index, a collaboration between S&P Global and Dinari, is poised to provide a comprehensive tool for evaluating and tracking digital asset performance. By combining cryptocurrencies and crypto-linked equities, the index aims to offer diversified exposure to the crypto ecosystem. Institutional investors can soon gain crypto market exposure while mitigating direct cryptocurrency holding risks.
