Cboe and S&P Dow Jones extend deal, eye tokenized options

Cboe and S&P Dow Jones extended their S&P 500 options deal to 2051 and will explore tokenized options contracts, reflecting growing interest in blockchain-based trading. No launch date has been set.

Cboe and S&P Dow Jones Indices have extended their exclusive licensing agreement for S&P 500 Index options trading by 25 years, now running until 2051. This extension secures Cboe’s exclusive rights to offer S&P 500 Index options, following record trading volumes in 2025, with over 970 million contracts traded and a 25% year-over-year increase in average daily volume to 3.9 million contracts. As part of the renewed agreement, both companies will explore developing tokenized options contracts, potentially bringing traditional derivatives markets onto blockchain infrastructure. While no specific product launch or timeline has been announced, this move reflects a broader industry trend toward digital assets and onchain trading. The collaboration between Cboe and S&P Dow Jones, which began in 1983, continues to evolve with innovations in product offerings and trading structures, aiming to enhance market accessibility and efficiency.