S&P Dow Jones Indices is rolling out a new benchmark that blends 15 cryptocurrencies with 35 publicly traded crypto-related companies. 

Meanwhile, a life insurance company that operates entirely in bitcoin, has raised $82 million to expand its savings and retirement offerings, the company announced.

BNY is developing tokenized deposits to help clients move money faster using blockchain, the bank said.

Top stories in the Crypto Roundup today:

• S&P Unveils Crypto-Equity Index
• Bitcoin-Only Life Insurer Meanwhile Raises $82M to Expand Retirement Products
• BNY Tests Tokenized Deposits to Modernize Payments With Blockchain Tech

S&P Unveils Crypto-Equity Index; Dinari to Launch Blockchain-Based Tracking Token

S&P Dow Jones Indices is rolling out a new benchmark that blends 15 cryptocurrencies with 35 publicly traded crypto-related companies. 

Called the Digital Markets 50 Index, it’s designed to offer broad exposure to the digital asset sector by capturing both token performance and the equity side of the industry.

Dinari, a tokenization platform, will issue a blockchain-based token, called a “dShare,” that mirrors the index. The token allows investors to track the index directly onchain, aiming to make the benchmark more accessible.

Dinari’s token marks a push to bring traditional investing tools onto blockchain rails, signaling how digital and traditional finance continue to merge.

Bitcoin-Only Life Insurer Meanwhile Raises $82M to Expand Retirement Products

Meanwhile, a life insurance company that operates entirely in bitcoin, has raised $82 million to expand its savings and retirement offerings, the company announced.

The round was co-led by Bain Capital Crypto and Haun Ventures, with participation from Pantera Capital, Apollo and others. It brings Meanwhile’s total fundraising this year to $122 million, following a $40 million round in April.

Based in Bermuda, Meanwhile offers bitcoin-denominated life insurance and annuity products designed to preserve long-term wealth. 

Customers pay and receive benefits in BTC, taking on the currency’s volatility in exchange for its fixed supply and inflation resistance. The products are regulated by the Bermuda Monetary Authority.

To generate returns, the company lends bitcoin into private credit markets. The goal is to meet future obligations while maintaining solvency, mirroring traditional insurance models.

While the model is still niche, Meanwhile says demand is growing. The firm’s bitcoin assets under management have more than tripled this year, outpacing BTC’s 34% price gain.

BNY Tests Tokenized Deposits to Modernize Payments With Blockchain Tech

BNY is developing tokenized deposits to help clients move money faster using blockchain, the bank said.

The digital tokens would represent customer deposits and settle instantly across BNY’s systems, potentially lowering costs and removing legacy tech bottlenecks. The bank processes about $2.5 trillion in payments daily.

BNY’s move follows similar efforts by JPMorgan and HSBC, as major banks push into blockchain amid new rules in the U.S. and Europe.

The bank is also working with Goldman Sachs and Swift on blockchain-based tools for fund tracking and cross-border payments.

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