S&P Dow Jones Indices (S&P DJI) is in discussions with major exchanges, custodians, and DeFi protocols to authorize and list tokenized versions of its benchmark indices, according to Stephanie Rowton, the company's U.S. equity director.
Rowton told Cointelegraph that the index provider is taking a "strategic approach" to ensure that tokenized S&P products are launched only on platforms that meet high standards of transparency, security, and regulatory compliance.
"By building these types of relationships, we hope to collaboratively participate in creating a robust infrastructure that supports the trading and accessibility of our index tokenized versions, ultimately enhancing the investor experience," she said.
The move into blockchain comes as institutional interest in tokenized financial products accelerates. Earlier this year, S&P DJI entered the space through a tokenization initiative with Centrifuge, which uses official data to provide programmable index tracking funds via smart contracts.
Rowton noted that this initiative has already generated "increased curiosity and engagement" among participants in both traditional finance (TradFi) and decentralized finance (DeFi) markets. "This interest reflects a broader market trend as investors increasingly seek innovative and efficient ways to interact with mature financial products," she added.
Rowton stated that blockchain technology has "transformative potential" in financial markets. "As demand for digital assets grows, tokenization could play a key role in bridging the gap between traditional finance and decentralized finance," Rowton pointed out.
She added that S&P DJI's tokenization strategy aligns with the company's mission to meet the needs of a "new generation of investors seeking innovative ways to interact with established benchmarks."
Interest in tokenized index products is strongest among digitally native investors, including cryptocurrency and blockchain participants, as well as institutions seeking portfolio diversification. Regionally, Europe, Asia, and Latin America are leading.
Rowton also revealed that the company is evaluating opportunities to tokenize other flagship benchmarks, such as the Dow Jones Industrial Average and thematic indices. "We recognize that different investor groups may have varying interests in specific indices, and we will commit to responding to market demands accordingly," she said.
Rowton indicated that by 2030, tokenized indices will play a "key" role in global markets, enhancing cross-border market access and liquidity. The technology can lower traditional investment barriers while enabling new strategies that leverage DeFi features such as fractional ownership and automated trading.
However, she countered the notion that tokenization threatens S&P DJI's traditional licensing business. Instead, she described it as "complementary innovation" that expands business opportunities and opens index investing to new audiences without compromising the integrity of the benchmarks.
Rowton's comments come as tokenized stocks continue to gain momentum, with the market capitalization of blockchain-based financial products reaching $370 million by the end of July.
Last week, OpenEden partnered with BNY Mellon to manage and custody the assets behind its tokenized U.S. Treasury product TBILL, marking the first Moody's "A" rated tokenized Treasury fund using a global custodian.
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Original article: “S&P Dow Jones Indices in talks to bring tokenized indices to exchanges and DeFi”
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