S&P Global has announced the launch of the S&P Digital Market 50 Index, a new index that combines 35 companies and 15 cryptocurrencies to track the performance of its digital asset ecosystem.
The index, developed in collaboration with US tokenized public securities provider Dinari, will allow investors to access not only through traditional methods but also through tokenized versions.
The index combines stocks of listed companies related to the cryptocurrency sector. Use digital currency selected from the S&P Cryptocurrency Broad Digital Market Indexproviding a measurement of the performance of both segments with a single metric.
While we do not guarantee that, some of the assets that could become part of the Cryptocurrency Broad Digital Market Index are Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP and Cardano (ADA). Because these are things that exist in other S&P indexes.
Cameron Drinkwater, Chief Product and Operations Officer of S&P Dow Jones Index, explained that cryptocurrencies have now become more established roles in the global market from the “peripheral assets” class.
Drinkwater emphasized that independent indexes bring transparency and accessibility to the digital asset ecosystem, just as they are happening in traditional financial markets. He emphasized that the launch will strengthen the role of the S&P Dow Jones Index as a provider of indicators in both traditional and alternative asset classes. Responding to the evolution of emerging markets such as cryptocurrencies.
Dinari, which helped design the index, plans to tokenize the S&P Digital Markets 50 through dShares. Anna Wroblewska, business director at Dinari, noted that decentralized technology is used to tokenize indexes. Integrate both types of assets into a single, transparent product.
As defined in CriptoNoticia Cryptopedia, tokenization is the creation of cryptographic tokens that represent tangible assets that exist outside the digital realm, such as works of art, real estate, raw materials, and goods. It also represents intangible assets such as bonds, patents, copyrights, credits, interests and of course indexes.
