S&P Unveils ‘Digital Markets 50’ – A New Index Bridging Wall Street and Web3
- S&P Global has launched the Digital Markets 50 Index, blending 15 cryptocurrencies with 35 blockchain-related equities, developed in partnership with Dinari.
- The hybrid benchmark follows S&P’s governance rules, capping assets at 5% weighting and setting market cap minimums of US$100m (AU$152m) for equities and US$300m (AU$457m) for crypto.
- Dinari will tokenise the index via its dShares platform, allowing investors on-chain access to both markets by year-end.
S&P Global has announced the launch of the S&P Digital Markets 50 Index, a new benchmark combining 15 leading cryptocurrencies with 35 publicly traded blockchain and digital asset companies. The index, developed in partnership with US-based tokenisation platform Dinari, aims to give investors a unified measure of performance across both traditional financial markets and decentralised digital networks.
The Digital Markets 50 marks S&P’s first hybrid index to merge equities and cryptocurrencies into a single framework. It will include firms involved in blockchain infrastructure, digital asset services, and related financial technologies, alongside major cryptocurrencies selected from S&P’s Cryptocurrency Broad Digital Market Index.
To ensure broad representation and liquidity, each equity must have a minimum market capitalisation of US$100 million (AU$152 million), while included cryptocurrencies must meet a threshold of US$300 million (AU$457 million). No single component may exceed 5% of the total index weight, and it will rebalance quarterly in line with S&P’s established governance standards.
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Blockchain Technology in Practice
Dinari will also create a tokenised version of the benchmark through its dShares platform, offering on-chain exposure to the index by year-end. S&P noted that this structure would not be possible through traditional finance mechanisms without tokenisation infrastructure like Dinari’s.
Cameron Drinkwater, Chief Product and Operations Officer at S&P Dow Jones Indices, said the development reflects digital assets’ growing integration into global markets. Dinari’s Chief Business Officer, Anna Wroblewska, added that the collaboration demonstrates how blockchain can “modernise trusted benchmarks” and enable investors to access both equities and digital assets in a single transparent product.
The new benchmark joins S&P’s existing suite of digital asset indices, expanding its role in bridging traditional finance with the evolving Web3 economy.
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