Markets· ★★★· neutral·

Cboe and S&P DJI extend SPX options license to 2051, open door to tokenized contracts

  • —Cboe's exclusive SPX options license extended by 25 years, through 2051
  • —A record 970.6 million SPX contracts traded in 2025, averaging 3.9 million per day
  • —The deal permits work on tokenized options, with no timeline or mechanics disclosed
  • —Nasdaq, NYSE and DTCC are separately testing tokenized equities and settlement infrastructure
Why it matters: The world's largest options venue opening the door to blockchain-based derivatives could accelerate institutional tokenization.
Source: CoinSpot