S&P to Debut New Index Tracking Crypto Assets and Public Companies

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4 hours ago

S&P Dow Jones Indices will unveil a new index tracking cryptocurrencies and companies in the digital asset space, the company announced on Tuesday. 


The S&P Digital Markets 50 Index will track 35 companies involved in the crypto space—including infrastructure providers, financial services, blockchain applications—and also 15 cryptocurrencies selected from the S&P Cryptocurrency Broad Digital Market Index, an index that tracks over 300 digital coins and tokens. 


S&P Global told Decrypt that the debut was still a few weeks away and would not share company names at this time, although it did note that treasury companies would be eligible. It also said that meme coins would not be included in the index. 


"Cryptocurrencies and the broader digital asset industry have moved from the margins into a more established role in global markets," S&P Dow Jones Indices Chief Product & Operations Officer Cameron Drinkwater said, adding that the new index suite "offers market participants consistent, rules-based tools to evaluate and gain exposure."



Dinari, a company offering tokenized U.S. public securities, said it was collaborating with S&P Global to create a token tracking the new benchmark. 


"For the first time, investors can access both U.S. equities and digital assets in a single, transparent product,"  Dinari's Chief Business Officer Anna Wroblewska said. "By making the S&P Digital Markets 50 investible via dShares, we are not just tokenizing an index, we are demonstrating how blockchain infrastructure can modernize trusted benchmarks."




S&P Global's announcement comes as crypto markets rally and stocks in the digital asset space—particularly Bitcoin mining companies—soar. 


Bitcoin on Monday hit a new all-time high of $126,080, according to CoinGecko, after soaring by 34% year-to-date. 


The leading cryptocurrency's boom comes as gold cracked $4,000 per ounce for the first time amid investor concerns about the U.S. economy and value of its currency.  



Bitcoin was recently trading at about $121,575, down 3% over the past 24 hours. Ethereum, the second biggest digital asset, was priced at $4,510, off 3.6% for the same period.


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