Wall Street Giant S&P Global Bridging Crypto and Stocks in Tokenized Index Launch
Global finance is getting an upgrade, with a new tokenized index that blends digital assets with crypto-focused equities.
S&P Global is launching the S&P Digital Markets 50 Index, which will track 15 top cryptocurrencies and 35 blockchain-linked public companies in a single benchmark.
The index will be investable through a token called dShares, developed in partnership with the crypto asset firm Dinari.
The index will select crypto assets from S&P’s existing Cryptocurrency Broad Digital Market Index, each with a minimum $300 million market cap, and equities tied to digital assets, requiring at least $100 million cap.
S&P Dow Jones Indices’ chief product officer Cameron Drinkwater says the firm hopes the product “moves crypto from margins to mainstream.”
The hybrid tool will include firms like the Bitcoin treasury giant MicroStrategy (MSTR), Coinbase (COIN) and Riot Platforms (RIOT).
No component will exceed 5% weighting, in a push to ensure diversification.
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
OECD's latest forecast: The global interest rate cut cycle will end in 2026!
According to the latest forecast from the OECD, major central banks such as the Federal Reserve and the European Central Bank may have few "bullets" left under the dual pressures of high debt and inflation.
MSTR, the leading Bitcoin concept stock, plunges up to 12% intraday after first signaling possible "coin selling"
MicroStrategy has announced the establishment of a $1.44 billion cash reserve to "weather the winter," and for the first time has acknowledged the possibility of selling bitcoin under certain conditions.
A respite for global markets? Bitcoin halts its decline as Japanese bond auction eases liquidity concerns
Bitcoin also stabilized and rebounded, rising by as much as 0.7% to surpass the $87,000 mark. Strong demand in the Japanese government bond auction and the recovery of the crypto market have jointly eased investors' concerns about liquidity tightening.
Ethereum's Next Decade: From "Verifiable Computer" to "Internet Property Rights"
From pushing the performance limit of 1 Gigagas to building the architectural vision of Lean Ethereum, Fede showcased with the most hardcore technical details and sincere passion how Ethereum should maintain its dominance in the next decade.
Trending news
MoreCrypto prices
More
