S&P Expands Into Crypto With New Multi-Asset Index

Bitcoin Magazine

S&P Expands Into Crypto With New Multi-Asset Index

S&P Global has entered the crypto arena with the launch of the S&P Digital Markets 50 Index, a first-of-its-kind benchmark tracking both digital assets and publicly traded crypto-related companies.

Developed with Dinari, a U.S. platform specializing in tokenized public securities, the index includes 35 equities and 15 cryptocurrencies drawn from S&P’s digital asset suite.

In other words, the index will combine 15 major cryptocurrencies with 35 crypto-related stocks. Eligible companies include those involved in crypto operations, blockchain technology, and other related sectors, according to S&P.

Dinari will issue a tokenized version through its dShares platform by year’s end, allowing investors to access exposure in a regulated wrapper.

While bitcoin isn’t mentioned by name, it’s safe to assume it will be featured among the assets. Even if not, the move marks a significant step in Wall Street’s continued integration of digital assets into mainstream finance.

The move positions S&P Global as a major index provider to directly blend tokenized securities with crypto-linked equities, signaling another step in mainstream finance’s embrace of blockchain-based assets.

“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 & Operations Officer at S&P Dow Jones Indices. “From North America to Europe to Asia, market participants are beginning to treat digital assets as part of their investment toolkit.”

Coinbase joined the S&P 500 in May, the world’s most-followed equity index. With over $5 trillion tied to it, the S&P 500 isn’t just a gauge of corporate strength—it drives where global capital flows.

The Digital Markets 50 will limit any single asset to no more than 5% of the index’s weight, ensuring broad exposure across the space. 

Equity components will include crypto service providers, infrastructure firms, blockchain developers, and fintech platforms. Eligible companies must have a minimum market capitalization of $100 million, while new cryptocurrency constituents must exceed $300 million.

The S&P wants to give institutional investors a rules-based entry point into a market that has historically been fragmented and difficult to measure. The index will also follow S&P’s standard quarterly rebalancing and governance process, aligning it with traditional market benchmarks like the S&P 500.

Dinari’s role extends beyond index design. The firm will issue an on-chain token tracking the benchmark, making the Digital Markets 50 investible for the first time through blockchain infrastructure rather than traditional brokerages.

“For the first time, investors can access both U.S. equities and digital assets in a single, transparent product,” said Anna Wroblewska, Chief Business Officer at Dinari. “This launch shows how on-chain technology can modernize trusted benchmarks and make them more globally accessible.”

The timing of S&P’s latest move coincides with a resurgence in the crypto sector. Bitcoin hit a new all-time high yesterday, and crypto-related equities such as Coinbase and Strategy have surged 55% and 24% respectively in 2025.

This post S&P Expands Into Crypto With New Multi-Asset Index first appeared on Bitcoin Magazine and is written by Micah Zimmerman.