S&P Global launches first hybrid index combining digital assets and related stocks

S&P Global is unveiling its first hybrid index that spans traditional finance and the digital asset (cryptocurrency) market. This index combines 15 digital assets and 35 related listed stocks, and is expected to broaden global investors' exposure to digital assets.

On the 7th (local time), The Block reported that S&P Global said it is launching the 'S&P Digital Markets 50' index in partnership with tokenized securities infrastructure provider Dinari. The index is designed to comprehensively reflect market performance across the digital asset ecosystem, including digital asset operators, blockchain infrastructure providers, digital financial services, and application technology companies.

Cameron Drinkwater, Chief Product Officer (CPO) of S&P Dow Jones Indices, said, "The cryptocurrency and digital asset industry has already moved beyond the fringes of global financial markets to become a core component of major investment portfolios," adding, "This index will be a new tool for investors to evaluate and gain exposure to cryptocurrencies and the related industry in a rules-based, consistent way."

The S&P Digital Markets 50 limits the weight of a single asset to a maximum of 5%, and cryptocurrencies must have a minimum market capitalization of 300 million dollars, while stocks must be at least 100 million dollars to be included. The index constituents will be rebalanced quarterly, and the detailed constituent list has not yet been disclosed.

Dinari plans to issue investable tokens based on this index. A token tracking the index is expected to be listed on its dShares platform within the year.

Anna Wroblewska, Chief Business Officer (CBO) of Dinari, said, "This index is not simple tokenization but an example of how blockchain technology can modernize traditional financial benchmark standards," adding, "Investors will now be able to invest transparently in U.S. stocks and digital assets simultaneously through a single product."