S&P Global, the company behind the S&P 500 and Dow Jones Industrial Average, has launched its first hybrid benchmark combining cryptocurrencies and crypto-linked equities, a move that shows another step in Wall Street’s gradual embrace of digital assets.
The new benchmark will track 50 major components across the crypto economy, including 35 publicly traded companies tied to blockchain and digital asset operations, and 15 cryptocurrencies selected from the existing S&P Cryptocurrency Broad Digital Market Index.
“Cryptocurrencies and the broader digital asset industry have moved from the margins into a more established role in global markets,” said Cameron Drinkwater, Chief Product and Operations Officer at S&P Dow Jones Indices.
According to the announcement, the index was developed in collaboration with Dinari, a U.S.-based tokenization firm that provides on-chain access to public securities.
