S&P 500 Index Goes OnChain

S&P Dow Jones Indices has partnered with Centrifuge, a blockchain infrastructure provider to bring the S&P 500 Index onchain in anticipation of more funds being tokenized and the digital era of capital markets. The S&P 500 is widely regarded as the best single gauge of large-cap U.S. equities and is central to institutional portfolios according to a report last year from S&P Dow Jones Indices and Centrifuge. The report said it is the most widely tracked index globally, representing approximately 80% of U.S market capitalization and over half of the investable global equity market capitalization. Approximately $20 trillion in assets are benchmarked to the S&P 500 and there is $273 trillion in one-year index-equivalent trading volume linked to S&P 500 products.