S&P Dow Jones Indices Group, which manages the S&P 500 and Dow Jones Industrial Average benchmarks, has announced the launch of a new crypto index, the S&P Digital Markets 50, Barron's reports. It will include 15 leading cryptocurrencies with a capitalization of $300 million or more, as well as 35 stocks - companies working in the field of crypto operations, blockchain technology and related areas, with a market value above $100 million. The full list of participants has not yet been disclosed.

The weight of each asset in the S&P Digital Markets 50 will not exceed 5%, S&P specified, and its composition will be reviewed and rebalanced quarterly according to the same rules as other indexes in the group.

The new index will be created in partnership with blockchain company Dinari, which specializes in tokenized securities. As part of the partnership, Dinari will issue an investment token tracking the performance of the S&P Digital Markets 50. Tokenization involves digitizing stocks and trading them through decentralized blockchains rather than on traditional exchanges. The index is expected to become available on the Dinari dShares platform by the end of the year. S&P has previously launched multi-asset indexes, but the combination of stocks and cryptocurrencies was the first such project in the company's history, Barron's emphasizes. According to Cameron Drinkwater, product director for S&P Dow Jones Indices, it was impossible to realize investments in such an index on traditional financial markets, so it required a tokenized partner to launch it.

The index is designed to meet growing investor interest in diversified exposure to digital assets, Barron's noted. This year has been a successful year for cryptocurrencies and digital asset-related companies under a softer regulatory environment under the Donald Trump administration. Against this backdrop, companies like S&P and Dinari are looking to issue crypto products that can appeal to both private and more conservative institutional investors. "Cryptocurrencies and the broader digital asset industry have moved from the periphery to a more sustainable role in global markets," Drinkwater told Barron's. - Our goal is to provide investors with a truly diversified exposure to this segment."

This article was AI-translated and verified by a human editor

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