S&P Global, the world's leading financial data provider, is deepening its entry into the digital economy with a new index that combines crypto assets and traditional markets under one roof. The company announced its new indicator, the "S&P Digital Markets 50 Index," under the umbrella of S&P Dow Jones Indices (S&P DJI). The index combines both publicly traded crypto-related companies and leading cryptocurrencies in the same basket.
The S&P 500 takes a significant step for cryptocurrencies
The new index was created in partnership with blockchain firm Dinari. Dinari will also issue a "token" that closely tracks this index. This will allow investors to access both crypto assets and traditional stocks related to this ecosystem through a single product.
According to S&P Global's statement, the index will include the stocks of 35 companies operating in digital asset operations, developing blockchain infrastructure, and operating in financial services and technology, as well as 15 cryptocurrencies selected from the S&P Cryptocurrency Broad Digital Market Index. Each asset will have a maximum share of 5% of the index. Like other S&P indicators, the index will be rebalanced quarterly.
Cameron Drinkwater, Vice President of Product and Operations at S&P Dow Jones Indices, stated in a statement that digital assets are no longer on the fringes of the financial world, but rather at its core. He said:
“The cryptocurrency and digital asset industry has become increasingly prominent in global markets. Our new index allows investors to monitor and evaluate this space in a rules-based and transparent manner. Market participants in the Americas, Europe, and Asia are now beginning to consider digital assets as part of their diversification and innovation strategies.”
Drinkwater emphasized that independent and reliable indices will play a critical role in the crypto ecosystem, just as they do in traditional financial markets:
“This step reinforces S&P DJI’s role as a trusted benchmark provider for traditional and alternative asset classes. We aim to contribute to investors’ search for clarity and confidence as crypto markets mature.”
The S&P Digital Markets 50 Index offers a broad and balanced view of crypto markets and will also exemplify the integration of tokenization into financial indicators. Anna Wroblewska, Dinari's Chief Commercial Officer, stated that this project not only tokenizes an index but also redefines financial standards on the blockchain:
“For the first time, investors will have access to both US equities and digital assets through a single, transparent product. This launch demonstrates the potential of blockchain technology to make financial standards more accessible and efficient.”
S&P Global is one of several major financial institutions currently offering cryptocurrency indices and digital market indicators. The new index will join the company's S&P Cryptocurrency Indices and S&P Digital Market Indices series.
