S&P Dow Jones Indices, a division of S&P Global, is set to introduce a hybrid index that combines traditional stocks with digital assets, providing investors a new tool to track the rapidly evolving crypto ecosystem.
The S&P Digital Markets 50 Index will track 35 publicly traded companies involved in blockchain, crypto infrastructure, and financial services, alongside 15 cryptocurrencies drawn from S&P’s Broad Digital Market Index. The index is designed as a cross-asset benchmark, reflecting the performance of both companies building the digital asset ecosystem and the tokens powering it.
Dinari, a platform that tokenizes U.S. equities, helped design the index and will issue a blockchain-based “dShare” token, allowing investors to track the index directly on-chain. The token is intended to be transparent and accessible across blockchain networks.
The launch highlights a broader trend of institutional investors incorporating digital assets into core portfolios rather than treating them solely as speculative bets. “From North America to Europe to Asia, market participants are beginning to treat digital assets as part of their investment toolkit,” said Cameron Drinkwater, Chief Product & Operations Officer at S&P Dow Jones Indices.
The index provides a way for investors to gain crypto exposure while limiting the volatility associated with individual tokens.
Crypto-related stocks have surged this year amid clearer regulatory guidance and growing mainstream adoption. Coinbase (COIN) has risen 50% year-to-date, while Robinhood (HOOD), which expanded its crypto offerings and acquired a crypto exchange, has climbed over 250% since January.
Dinari emphasized that its tokenization effort represents a modern approach to index investing. “We’re not just tokenizing an index, we’re demonstrating how blockchain infrastructure can modernize trusted benchmarks,” said Anna Wroblewska, Dinari’s Chief Business Officer.
The Digital Markets 50 Index joins S&P’s growing suite of crypto-focused benchmarks and reflects the continued integration of traditional finance with digital assets. The official launch date has not been announced.
