S&P Global to Launch New Index That Combines Cryptocurrencies and Crypto Stocks
The index will track both digital assets and publicly traded crypto-linked companies.
S&P Global (NYSE: SPGI) announced on Tuesday, Oct. 7 that it is expanding its crypto index offerings with the launch of a new benchmark that tracks both cryptocurrencies and traditional stocks tied to the crypto industry.
Called the S&P Digital Markets 50 Index, the benchmark will include 35 publicly traded companies involved in blockchain, digital asset operations and infrastructure, and fintech, along with 15 major cryptocurrencies, according to a press release.
The index was developed by S&P Dow Jones Indices in partnership with Dinari, a company that specializes in tokenized U.S. securities with a total value locked (TVL) of $45 million. Dinari –…
