The S&P Digital Markets 50 Index is a new benchmark that will track 15 cryptocurrencies and 35 blockchain-linked stocks, with individual component caps of 5% and a market-cap minimum for inclusion; a tokenized “dShare” investable version is planned by Dinari by end of 2025.
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Tracks 15 cryptocurrencies and 35 blockchain-linked companies
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Constituent caps limit any single component to 5% to preserve diversification
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Includes market-cap thresholds: crypto ≥ $300M, public companies ≥ $100M
S&P Digital Markets 50 Index: new benchmark tracking 15 cryptocurrencies and 35 blockchain-linked stocks. Read how it works and what investors should expect. Learn more.
New S&P index will track 15 cryptocurrencies and 35 blockchain-linked stocks, signaling deeper integration of digital assets into global markets.
S&P Global plans to launch a new benchmark index that tracks a wide range of digital assets and blockchain-related companies, signaling growing recognition of the crypto sector within traditional finance.
The S&P Digital Markets 50 Index, created in partnership with tokenization company Dinari, includes 15 cryptocurrencies with a market capitalization of at least $300 million and 35 publicly traded companies in the sector with a market cap of at least $100 million, S&P announced Tuesday.
Constituents have not yet been published, but no single component will exceed 5% of the index. Some of the sector’s biggest companies include Bitcoin treasury company Strategy (MSTR), crypto exchange Coinbase (COIN) and Bitcoin miner Riot Platforms (RIOT).
A selection of crypto and blockchain-related stocks spanning Bitcoin mining, exchanges and payment platforms. Source: Barchart
Cameron Drinkwater, chief product and operations officer at S&P Dow Jones Indices, said the growth of the digital asset ecosystem has moved crypto “from the margins into a more established role in global markets.”
While indexes are not directly investable, they are key benchmarks for tracking market performance and often underpin exchange-traded funds (ETFs) and other investment products.
Dinari plans to issue a tokenized version of the index, known as a “dShare,” which would allow investors to gain direct exposure. The investable version is expected to launch by the end of 2025.
Related: Crypto mining, treasury stocks strike gold as Bitcoin booms
What is the S&P Digital Markets 50 Index?
The S&P Digital Markets 50 Index is a benchmark combining 15 major cryptocurrencies and 35 blockchain-linked public companies to provide diversified exposure across digital assets and sector equities. It uses market-cap screens and a 5% cap per component to limit concentration.
How will the index select and weight constituents?
Selection uses clear quantitative screens: cryptocurrencies must have a market capitalization of at least $300 million and public companies at least $100 million. Weighting limits each component to 5% to manage concentration risk. Rebalances and governance will follow standard S&P index rules, emphasizing liquidity and market representation.
Why does the index matter to investors and markets?
The index signals institutional recognition of digital assets and can serve as the basis for passive products such as ETFs. It may increase capital flow into crypto and blockchain equities, enable new tokenized investment vehicles, and improve benchmarking for portfolio allocation decisions.
How could investors gain exposure to this index?
Investors could gain exposure via potential passive products that track the index, such as ETFs, index funds, or Dinari’s planned tokenized dShare. As with other indexes, actual investable products depend on regulatory approvals and product issuers.
Frequently Asked Questions
When will the S&P Digital Markets 50 Index publish its constituent list?
S&P has not published the constituent list yet. The index framework is public, and full constituent details are expected closer to any investable product launches, likely through S&P Global communications and index notices.
Will the index lead to ETFs tracking crypto and blockchain stocks?
Indexes often underpin ETFs; therefore, the S&P Digital Markets 50 Index could become the basis for passive ETF products if issuers and regulators approve such funds.
What is a tokenized “dShare” and how does it work?
A tokenized dShare is Dinari’s proposed digital token representing the index. It would tokenize the index exposure on a blockchain, enabling fractional, on-chain ownership subject to issuance, custody, and regulatory frameworks.
Key Takeaways
- Diversified benchmark: Combines 15 cryptocurrencies and 35 blockchain-linked stocks with concentration caps.
- Tokenization planned: Dinari aims to issue a tokenized dShare to provide direct on-chain exposure.
- Market implications: Could underpin ETFs and broaden institutional access to digital markets.
Conclusion
The S&P Digital Markets 50 Index represents a formal bridge between traditional index benchmarks and the digital-asset ecosystem. With clear selection rules and a planned tokenized investable product, the index could become a reference point for future ETFs and tokenized investments; investors should watch for constituent announcements and product filings.
