S&P Global to Launch Innovative Crypto Ecosystem Index, a New Way to Combine Cryptocurrencies and Crypto-Linked Equities

Rhea-AI Summary

S&P Global (NYSE: SPGI) announced on October 7, 2025 the planned launch of the S&P Digital Markets 50 Index, a rules-based benchmark that combines cryptocurrencies and publicly traded crypto-linked equities into one investible measure. The index will include 35 companies across digital asset operations, infrastructure, and financial services plus 15 cryptocurrencies drawn from the S&P Cryptocurrency Broad Digital Market Index. Dinari collaborated on index design and will create a token (dShares) that tracks the benchmark, making the index directly investible onchain. S&P DJI says the index expands its digital asset suite to offer transparent, consistent exposure across the crypto ecosystem.

Positive

• Index combines 35 companies and 15 cryptocurrencies
• Dinari to create a token (dShares) that tracks the benchmark
• Expands S&P DJI digital asset suite for broader market exposure
• Rules-based, independent benchmark intended to increase transparency

Negative

• No launch effective date specified beyond the Oct 7, 2025 announcement
• No historical performance or pricing metrics provided for investor assessment

Insights

Market Structure & Product Strategy Analyst

S&P Global and Dinari will launch a combined equities-plus-crypto index token onchain, broadening investible digital‑asset benchmarks.

The announcement describes the S&P Digital Markets 50 Index and a collaboration with Dinari to create a token that tracks the benchmark. The index will blend 35 public companies and 15 cryptocurrencies, offering a single rules‑based measure across both sides of the crypto ecosystem. This structure directly links traditional index governance with tokenized product distribution.

Key dependencies include index construction rules, selection criteria for the included companies and cryptocurrencies, and the mechanics for making the index investible via dShares. Regulatory clarity, custody arrangements, and onchain trading infrastructure will materially affect adoption and operational risk. Watch the product launch and any filing or listing details after October 7, 2025, plus the first performance and liquidity metrics once dShares begin trading over the next few quarters.

NEW YORK, Oct. 7, 2025 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced plans to expand its S&P Dow Jones Indices ("S&P DJI") crypto index offering with the launch of the S&P Digital Markets 50 Index. Dinari, a leading provider of tokenized U.S. public securities, has collaborated with S&P Global on the index design and will create a token tracking the benchmark. The index is designed to track a wide range of companies and digital assets connected to the crypto ecosystem, combining cryptocurrencies and publicly traded crypto-linked equities into one index.

"Cryptocurrencies and the broader digital asset industry have moved from the margins into a more established role in global markets. S&P DJI's expanded index suite offers market participants consistent, rules-based tools to evaluate and gain exposure. From North America to Europe to Asia, market participants are beginning to treat digital assets as part of their investment toolkit – whether for diversification, growth, or innovation strategies," said Cameron Drinkwater, Chief Product & Operations Officer at S&P Dow Jones Indices.

"Independent, reliable and user-friendly benchmarks are a key component of financial markets. As with traditional financial markets, independent benchmarks can help bring transparency and accessibility to the digital asset ecosystem," Ms. Drinkwater continued. "With this latest expansion, S&P DJI reinforces its role as a trusted provider of benchmarks across traditional and alternative asset classes – offering market participants clarity and confidence as new markets like cryptocurrency emerge."

The planned launch of the S&P Digital Markets 50 Index comes as demand for broader and more diversified exposure to decentralized financial markets continues to rise. The new index will include 35 companies involved in digital asset operations, infrastructure providers, financial services, blockchain applications and supporting technologies, but will also be combined with 15 cryptocurrencies selected from the S&P Cryptocurrency Broad Digital Market Index. S&P Global believes this will provide market participants interested in exploring crypto-linked opportunities with a measure of performance across both sides of the crypto ecosystem.

"By making the S&P Digital Markets 50 investible via dShares, we are not just tokenizing an index, we are demonstrating how blockchain infrastructure can modernize trusted benchmarks," said Anna Wroblewska, Chief Business Officer at Dinari. "For the first time, investors can access both U.S. equities and digital assets in a single, transparent product. This launch shows how onchain technology can expand the reach of established financial standards, making them more efficient, accessible, and globally relevant."

This latest index will join S&P Dow Jones Indices existing series of digital asset benchmarks, the S&P Cryptocurrency Indices and S&P Digital Market Indices.

S&P Global's digital asset capabilities support transparency and informed decision-making at the intersection of decentralized innovation and traditional finance. To access S&P Global's DeFi insights, please click here.

For more information about S&P Dow Jones Indices:https://www.spglobal.com/spdji/en/.

For more information about Dinari: https://dinari.com/.

Media Contacts:

Silke Mcguinness 
S&P Dow Jones Indices 
(+1) 415 205 8414
silke.mcguinness@spglobal.com 

Orla O'Brien
S&P Global
+1 857-407-8559
orla.obrien@spglobal.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500^® and the Dow Jones Industrial Average^®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit https://www.spglobal.com/spdji/en/.

The S&P Digital Markets 50 Index is a product of S&P Dow Jones Indices LLC or its affiliates ("S&P DJI").  S&P®, S&P 500®, SPX®, SPY®, US 500™, The 500™, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). Dinari, Inc.'s token on the S&P Digital Markets 50 Index is not sponsored or sold by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such token, nor do they have any liability for any errors, omissions, or interruptions of the Index.

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SOURCE S&P Global

FAQ

What is the S&P Digital Markets 50 Index announced by S&P Global (SPGI) on October 7, 2025?

It is a new rules-based benchmark combining 35 crypto-linked companies and 15 cryptocurrencies to measure performance across the crypto ecosystem.

How will investors gain exposure to the S&P Digital Markets 50 Index (SPGI)?

Dinari will create a token (dShares) that tracks the index, making the benchmark directly investible via blockchain infrastructure.

Which firms collaborated on the S&P Digital Markets 50 Index (SPGI) design?

S&P DJI collaborated with Dinari, a tokenized U.S. public securities provider, on the index design.

What components make up the S&P Digital Markets 50 Index announced October 7, 2025?

The index comprises 35 companies involved in digital-asset operations and infrastructure plus 15 cryptocurrencies from the S&P Cryptocurrency Broad Digital Market Index.

Does S&P Global (SPGI) provide performance history for the S&P Digital Markets 50 Index?

No performance history or pricing metrics were provided in the October 7, 2025 announcement.

When will the S&P Digital Markets 50 Index launched by S&P Global (SPGI) become effective?

The announcement on October 7, 2025 did not specify an effective launch date for the index or its token.