S&P Global launches Digital Markets 50 index for crypto & stocks
S&P Global launched the Digital Markets 50 Index on October 7. The benchmark combines 25 crypto assets with 25 publicly traded companies involved in blockchain or crypto infrastructure.
The crypto portion includes Bitcoin, Ethereum, and Solana, among other digital assets. The equity portion covers companies active in the digital asset sector. S&P weights both components by market capitalization and liquidity.
The index updates daily and is available through S&P's data services. Asset managers, ETF providers, and institutional investors can use it as a benchmark for products that track both crypto assets and related equities.
The index updates daily and is available through S&P's data services. Asset managers, ETF providers, and institutional investors can use it as a benchmark for products that track both crypto assets and related equities.
S&P previously launched crypto indices in 2021, including the S&P Bitcoin Index and S&P Cryptocurrency Broad Digital Market Index. The company said it will continue expanding its digital asset analytics.
The index is built in collaboration with blockchain infrastructure firm Dinari, which will issue a tokenized version of the benchmark onchain. This token, called a dShare, mirrors the performance of the Digital Markets 50 and lets investors gain exposure through blockchain-based settlement systems. S&P said the onchain variant will make it easier for fintech platforms to integrate the index into digital investment products and add transparency for holders.
Constituents for the equity portion include leading firms such as Coinbase, Strategy, Nvidia, and Block, alongside emerging blockchain infrastructure companies. On the crypto side, Bitcoin and Ethereum represent the largest weights, followed by Solana, XRP, Avalanche, and Chainlink. The index is rebalanced quarterly, with caps ensuring no single component exceeds 5% of total weighting.
S&P noted that the index reflects a growing convergence between digital assets and public markets, as more companies increasingly generate revenue from blockchain-related services. The firm plans to expand its family of digital indices to include region-specific and thematic benchmarks focusing on decentralized finance, tokenized real-world assets, and infrastructure networks.
The Digital Markets 50 represents S&P's first index combining actual crypto holdings with traditional stocks in a single benchmark. Earlier products tracked either crypto price tracking or equity baskets, but never both.
S&P uses its existing index methodology to calculate the benchmark, applying the same weighting and rebalancing standards it uses for traditional equity indices. The firm conducts regular reviews to maintain representation of actively traded assets.
The index is built in collaboration with blockchain infrastructure firm Dinari, which will issue a tokenized version of the benchmark onchain. This token, called a dShare, mirrors the performance of the Digital Markets 50 and lets investors gain exposure through blockchain-based settlement systems. S&P said the onchain variant will make it easier for fintech platforms to integrate the index into digital investment products and add transparency for holders.
Constituents for the equity portion include leading firms such as Coinbase, Strategy, Nvidia, and Block, alongside emerging blockchain infrastructure companies. On the crypto side, Bitcoin and Ethereum represent the largest weights, followed by Solana, XRP, Avalanche, and Chainlink. The index is rebalanced quarterly, with caps ensuring no single component exceeds 5% of total weighting.
S&P noted that the index reflects a growing convergence between digital assets and public markets, as more companies increasingly generate revenue from blockchain-related services. The firm plans to expand its family of digital indices to include region-specific and thematic benchmarks focusing on decentralized finance, tokenized real-world assets, and infrastructure networks.
The Digital Markets 50 represents S&P's first index combining actual crypto holdings with traditional stocks in a single benchmark. Earlier products tracked either crypto price tracking or equity baskets, but never both.
S&P uses its existing index methodology to calculate the benchmark, applying the same weighting and rebalancing standards it uses for traditional equity indices. The firm conducts regular reviews to maintain representation of actively traded assets.
Author
Sebile Fane cut her teeth in blockchain by building tiny NFT experiments with friends in her living room, long before the buzzwords took hold. She’s driven by a curiosity for the human stories behind smart contracts — whether it’s a small-town artist minting her first token or a DAO voting on climate grants — and weaves technical insight with genuine empathy.
