S&P Dow Jones Indices, the firm behind the iconic S&P 500, is stepping deeper into the digital asset space with the launch of a new cryptocurrency benchmark, “S&P Digital Markets 50.”
According to a report from Barron’s on Tuesday, the index will track 15 leading cryptocurrencies alongside 35 publicly traded crypto-focused companies, offering investors a more diversified way to gain exposure to the fast-growing digital asset sector. Importantly, no single asset will represent more than 5% of the index, ensuring that Bitcoin doesn’t overshadow the rest of the market.
To qualify, cryptocurrencies must have a market capitalization above $300 million, opening the door for hundreds of tokens to be included. Meanwhile, crypto-related companies need a minimum market cap of $100 million to be eligible. The index will be rebalanced quarterly to reflect market changes.
In a further push toward blockchain integration, S&P has partnered with blockchain firm Dinari to tokenize the new index. These tokenized shares will trade on dShares, a platform designed for blockchain-based stocks and bonds.
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