S&P and Kaiko Unite to Create Comprehensive Crypto Benchmark Suite

S&P Dow Jones Indices (S&P DJI) and Kaiko have joined forces to create the S&P Kaiko Digital Asset Indices suite, a comprehensive institutional platform for benchmarking digital assets. The new suite combines more than 4,000 rates and indices at launch, providing a robust infrastructure for asset managers, ETF issuers, derivatives exchanges, and structured-product providers.

The partnership leverages S&P DJI's expertise in benchmark administration and global distribution, while Kaiko brings its infrastructure for collecting and calculating data across 24/7 crypto markets. The division of responsibilities between the two companies is central to the partnership, with Kaiko handling data sourcing, index calculation, and methodology support.

The S&P Kaiko suite includes existing financial products linked to Kaiko reference rates and multi-asset indices, which will now be able to use the new S&P Kaiko branding. This expansion of the platform reflects the growing importance of benchmark quality in crypto markets, where small differences in reference-price methodology can affect fund valuations, derivatives settlement, and collateral calculations.