8th October 2025 – (New York) S&P Global has launched its first hybrid benchmark integrating cryptocurrencies with crypto-linked equities. The newly introduced S&P Digital Markets 50 Index represents a significant institutional step towards recognising digital assets as a fundamental component of global investment portfolios.
The index comprises 50 major components selected across the cryptocurrency ecosystem, strategically blending 15 leading digital currencies with 35 publicly traded companies whose operations are intimately connected to blockchain and digital asset activities. This innovative benchmark provides investors with a unified metric to assess performance across both traditional equity markets and decentralised networks, offering a comprehensive view of the expanding digital economy.
The initiative has been advanced through a collaboration with Dinari, a U.S.-based tokenisation specialist. The firm will create a tokenised version of the benchmark on its dShares platform, enabling direct on-chain investment access. S&P Global confirmed the tokenised index is scheduled to go live before the end of the year, marking a pioneering application of blockchain technology to established financial benchmarks.
Cameron Drinkwater, Chief Product and Operations Officer at S&P Dow Jones Indices, noted the evolving status of digital assets, stating, “Cryptocurrencies and the broader digital asset industry have moved from the margins into a more established role in global markets. Our expanded index suite gives market participants consistent, rules-based tools to evaluate and gain exposure.”
The index will adhere to S&P’s standard quarterly rebalancing protocols and governance framework, with constituent weights capped at five percent to maintain diversification. Minimum market capitalisation requirements of $100 million for equities and $300 million for cryptocurrencies ensure the index reflects the largest and most liquid assets within the digital markets sphere.
Anna Wroblewska, Chief Business Officer at Dinari, emphasised the transformative potential of this development, noting, “By making the S&P Digital Markets 50 investible via dShares, we’re not just tokenising an index; we’re showing how on-chain infrastructure can make financial standards more efficient, accessible, and globally relevant.”
