S&P Global
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S&P Global

S&P already rates tokenized assets and built the Digital Markets 50 Index (tokenized via Dinari). The biggest name in credit ratings is onchain.

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Brief

Global ratings and index provider. Stablecoin Stability Assessment (SSA) framework rates 10 leading stablecoins (USDT, USDC, USDS/DAI, etc.) on a 1-5 scale. Brought SSA onchain via Chainlink (Oct 2025). Rated OpenEden TBILL between Feb-Sep 2025. Launched S&P Digital Markets 50 Index (tokenized via Dinari + Chainlink). Canton Network participant.

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Snapshot

Key terms and identifiers.

Asset classes
Private credit, Equities, Treasuries
Regulatory
sec-reg-d
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Connections

Who they build with, build on, integrate with.

Tension

Direct competition or overlapping market position.