S&P Dow Jones Indices has taken a new step toward the cryptocurrency market, announcing its “Digital Markets 50 Index.” According to Barron's, the index will offer a hybrid structure that combines both traditional stock markets and digital assets.
The new index will track 35 publicly traded companies operating in crypto infrastructure, blockchain applications, and financial services, along with 15 cryptocurrencies selected from S&P's existing Broad Digital Market Index. This will create a cross-asset indicator that measures the performance of both the companies building the digital asset ecosystem and the tokens that drive it.
S&P's crypto indices include leading crypto assets such as Bitcoin (BTC) and Ethereum (ETH), as well as Cardano (ADA), Chainlink (LINK), Aave (AAVE), Polkadot (DOT), Solana (SOL) and XRP.
The new index was designed in collaboration with Dinari, a platform that tokenizes US publicly traded stocks. Dinari will issue a token called “dShare,” which will allow investors to track the index directly on-chain. This token is designed to be transparent and accessible across different blockchain platforms.
Cameron Drinkwater, Director of Product and Operations at S&P Dow Jones Indices, argued that digital assets have now become a permanent part of the global financial system, making the following statement:
“The cryptocurrency and digital asset industry is now moving from the margins to a more established role within the global investment ecosystem. S&P DJI's expanding index lineup provides investors with transparent, rules-based, and comparable tools for digital assets.”
*This is not investment advice.