S&P Global Inc. (NYSE:SPGI) on Tuesday unveiled plans to launch the S&P Digital Markets 50 Index, the first benchmark combining cryptocurrencies and crypto-linked equities, according to a company press release.
S&P Global Brings Bitcoin To Wall Street
The index, developed by S&P Dow Jones Indices (S&P DJI) in partnership with Dinari, will track 50 assets representing both sides of the digital economy — 35 public companies tied to blockchain and digital assets, and 15 leading cryptocurrencies.
Dinari, a provider of tokenized U.S. public securities, will issue a token mirroring the benchmark, allowing investors to gain exposure through onchain instruments.
S&P Global reported on Tuesday that, the index aims to give market participants a rules-based tool to evaluate crypto-related assets and integrate them into diversified portfolios.
“Cryptocurrencies and the broader digital asset industry have moved from the margins into a more established role in global markets,” said …