Wall Street Giant S&P Global Bridging Crypto and Stocks in Tokenized Index Launch
Global finance is getting an upgrade, with a new tokenized index that blends digital assets with crypto-focused equities.
S&P Global is launching the S&P Digital Markets 50 Index, which will track 15 top cryptocurrencies and 35 blockchain-linked public companies in a single benchmark.
The index will be investable through a token called dShares, developed in partnership with the crypto asset firm Dinari.
The index will select crypto assets from S&P’s existing Cryptocurrency Broad Digital Market Index, each with a minimum $300 million market cap, and equities tied to digital assets, requiring at least $100 million cap.
S&P Dow Jones Indices’ chief product officer Cameron Drinkwater says the firm hopes the product “moves crypto from margins to mainstream.”
The hybrid tool will include firms like the Bitcoin treasury giant MicroStrategy (MSTR), Coinbase (COIN) and Riot Platforms (RIOT).
No component will exceed 5% weighting, in a push to ensure diversification.
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