Hassan Maishera
On Tuesday, the Avalanche Foundation announced via X that the S&P Digital Markets 50 with S&P Dow Jones Indices is now tokenized onchain, powered by Avalanche. Dinari, a leading provider of tokenized U.S. public securities, has licensed the new index to 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.
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.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is down 5.5% today and currently trades at $28.01 per coin.
