Standard & Poor’s (S&P) has launched the 'S&P XRP Reference Price Index,' marking a significant step in institutional acceptance of XRP. This is the first time Wall Street is formally tracking XRP within regulated financial systems. The index is based on criteria such as liquidity, stability, and market capitalization, using Lukka Prime’s fair market value pricing for end-of-day valuations.
Additionally, S&P has introduced the 'S&P Digital Markets 50,' a broader index that tracks 15 cryptocurrencies and 35 blockchain-related equities. XRP is considered a potential candidate for inclusion in this index, reflecting its growing prominence in the digital asset space.
S&P Launches XRP Index, Signaling Institutional Acceptance
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