Cboe, S&P Dow Jones Extend Exclusive License 25 Years Through 2051, Consider Tokenized Options
Summary
- Cboe and S&P Dow Jones Indices said they will extend their existing exclusive license agreement by 25 years through 2051.
- Cboe said the new agreement will allow it to retain exclusive rights to offer S&P 500 index options.
- The companies are reviewing new products that combine blockchain-based infrastructure, including tokenized options, and Cboe shares rose more than 6% after the extension was announced.
Forecast Trend Report by Period
Cboe Global Markets and S&P Dow Jones Indices are extending their long-running partnership and exploring new products, including tokenized options.
Crypto-focused media outlet Odaily reported on September 29 that the companies agreed to extend their existing exclusive licensing deal by 25 years through 2051.
The extension preserves Cboe's exclusive right to offer S&P 500 index options, one of its flagship products.
The companies also plan to examine new products beyond traditional index derivatives, including tokenized options contracts. The discussions appear to center on combining a flagship traditional finance index product with blockchain-based infrastructure.
Cboe shares rose more than 6% in premarket U.S. trading after the contract extension was announced.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.