Welcome back to Market Movers, the opening bell. S&P, Dow Jones Indices, and Caico are joining forces to launch a major new benchmark suite, the S&P Caico Digital Asset Indices. The strategic rebrand combines S&P's global benchmark governance and distribution with Caico's crypto-native data infrastructure And that means connecting to over 150 exchanges and covering over 4,000 rates and indices. Well, joining us live here at the New York Stock Exchange to break down this deal and what it means for institutional adoption is Ambre Soubiran, who is Chief Executive Officer at Kaiko. Ambrey, great to have you here. Thank you so much for joining me today.
Thank you, Remy. Nice to be here.
Well, I'm so glad you're here on the heels of this announcement. So tell me about the timing. Why now?
I think the timing matters right when we are getting into a phase of institutionalization of crypto. And it really goes two way. This announcement right now is building up on another announcement we did back in March, where we tokenized S&P IBOX index onto the blockchain. So this was more about bringing traditional indices into the blockchain world. And now what we're doing is bringing authoritative index products, referencing crypto assets, which is the other way around, right, bringing kind of even more credibility and trust to this asset class by offering now this co-branded suite of S&P Kaiko digital assets.
And Andre, 2026 has been quite the year for Kaiko with plenty of announcements. And here we are at the New York Stock Exchange. And Traditionally, when we think about the equity markets, we know that the opening bell at 9.30 signals the market open and the closing bell signals the close of the session here. But given that we are looking at 24-7, 365 global markets, tell us about how this actually changes the gap out there when it comes to Keiko's infrastructure.
You're absolutely correct. Crypto does not sleep in some way. So KYCO has been designed over the past 10 years to cater for crypto as an asset class, which is by nature a 24-7 ticking asset class, which is really where that sophistication comes into play when we think about crypto indices. And so what we're bringing here into this partnership is really that kind of deep crypto expertise, the access to data covering millions of instruments traded across hundreds of crypto native exchanges, for the asset class, and being able to distribute 24-7 crypto benchmarks was something that we've been doing for many years. Now, what S&P brings that is absolutely game-changing here is the trust of their brand, the credibility, the benchmark administration, the global licensing, and more importantly, the distribution, right? Being able to now reach a much wider global audience with those 24-7 crypto benchmarks. And this is really game changer. And it's the first time that you have a truly global institutional brand delivering 24-7 crypto benchmarks.
And you've highlighted a lot of key words that are so important when it comes to consumer protection, when it comes to investing. So when it comes to your expectations for ETF catalysts, How do you think this will affect that space?
So you're correct. I mean, S&P is one of the largest index providers in the world. I mean, they have the S&P 500, which is the most, I guess, globally recognized index. And so I think what that new announcement brings to us managers and ETF issuers and derivative listing venues is really just credibility and trust that the brand will be here, will be here in another 20 years. And not only will it just be here, they are actively innovating and thinking about how the index layer interoperates with the blockchain infrastructure. And I think this has been demonstrated by your announcement back in March, demonstrated again by what we're doing today. And so bringing that credibility to financial institutions and financial products issuers is extremely important and that's what we're achieving here.
And finally, Andre, before I let you go, I do want to ask you about pricing, especially when it comes to digital assets. So when we're looking for data, especially when it comes to crypto, we know that it can be scattered and it may be difficult when it comes to looking for liquidity data out there. So give us your perspective on how this changes things.
Well, Kaiko has been a global independent source of truth for what happens on the crypto markets. We've been around now for 12 years, and the original business of Kaiko, which was data, was kind of the building foundation to be able to then build data products, of which Index is a part of. So we are going to continue growing that company into being the single independent source of truth for what happens with data market. and with crypto markets, and that partnership with S&P is really focused on the index products.
Well, Ambre, I appreciate your time. Thank you so much for joining us, and I look forward to continuing the conversation next time you join us here at FinTech TV. Thank you, Remy. Thank you.
