Chainlink and Dinari are bringing the S&P Digital Markets 50 Index on-chain using Chainlink's oracle platform for real-time pricing and performance data. The companies announced the partnership on Wednesday.
The index will track 35 U.S.-listed companies driving blockchain adoption and 15 major digital assets. S&P Dow Jones Indices, the provider of the S&P 500, developed the new crypto index in collaboration with Dinari.
The S&P Digital Markets 50 Index is scheduled to launch in the fourth quarter of this year. Chainlink's oracle technology will ensure the on-chain benchmark remains accurate and aligned with trusted financial sources, according to the companies involved.
Tokenization and Market Outlook
Dinari will tokenize the index through its dShares service later this year. This platform currently provides access to over 200 tokenized U.S. public stocks and financial assets across 85 countries, as reported by Dinari.
Standard Chartered Bank projects that tokenized real-world assets will reach a market capitalization of $2 trillion by 2028. This projected growth has been a significant factor in accelerating institutional interest in on-chain financial products.
Industry Significance
Fernando Vazquez, President of Capital Markets at Chainlink Labs, stated that this collaboration enables one of the first indexes to operate on-chain with verifiable data that spans both traditional and digital assets. He described this development as a significant milestone for Real-World Asset (RWA) tokenization.
Chainlink also announced on Monday a partnership with FTSE Russell to bring its indices and market data on-chain. These dual partnerships highlight the expanding institutional adoption of blockchain infrastructure for traditional financial products.