S&P Dow Jones Indices has officially licensed the S&P 500 to Trade(XYZ), allowing the launch of the first perpetual contract based on the benchmark.
S&P Dow Jones Indices and Trade (XYZ) has partnered to launch the first official S&P 500 perpetual contract available exclusively on Hyperliquid.
For 69 years, the S&P 500 has been the definitive reference point in global finance. Until now, access to that benchmark was…
— trade.xyz (@tradexyz) March 18, 2026
Investors can now trade the S&P 500, which tracks the stock performance of 500 leading U.S. companies, 24/7 on Hyperliquid using institutional-quality S&P DJI data. Unlike traditional futures, these perpetual contracts have no expiration date, allowing traders to take leveraged long or short positions at any time.
Cameron Drinkwater, chief product and operations officer at S&P Dow Jones Indices, said the partnership expands access to S&P DJI’s leading benchmarks in digital markets and reinforces the expectation that digital investors can trust institutional-level standards.
“This partnership expands the access and utility of our flagship benchmark in the digital trading environment. We believe that digitally native investors should demand institutional quality standards that define our indexes, and we are excited to work with Trade (XYZ) to do that,” said Drinkwater.
XYZ is the leading on-chain trading protocol that enables the creation and operation of permanent markets for real-world assets. It is expected to be the fastest growing platform of its kind, with transaction volumes exceeding $100 billion since October 2025 and an annual run rate of over $600 billion.
The XYZ Protocol manages important market parameters such as leverage, oracle sources, listings, etc., and the market can be accessed via Trade (XYZ) or alternative interfaces.
The partnership with S&P DJI will provide complete access to the S&P 500 on Hyperliquid, advancing XYZ’s mission to digitize the world’s most important markets, said Collins Belton, chief operating officer and trade general counsel for XYZ’s (XYZ) parent company.
“We developed XYZ with the vision of bringing the world’s most important markets on-chain,” said Belton. “The S&P 500 is a natural starting point. It is the most widely tracked stock index on the planet and has been the definitive benchmark for global equities for decades.”
The S&P 500 supports a large global trading ecosystem, with exposures across futures, options, exchange-traded funds, and structured products generating more than $1 trillion in daily trading volume.
Disclosure: This article was edited by Vivian Nguyen. Please see our Editorial Policy for more information on how we create and review content.
