Dinari, a leading provider of tokenized U.S. equities and ETFs, announced a collaboration with Chainlink today to make the S&P Digital Markets 50 Index one of the first to operate onchain.
The index is planned to launch in the fourth quarter of 2025 and was developed in partnership with S&P Dow Jones Indices (S&P DJI). The collaboration aims to provide real-time verifiable data for this new index, marking a step toward institutional-grade benchmarks operating directly on a blockchain.
Bringing a hybrid Index onchain
The S&P Digital Markets 50 Index is designed to track a hybrid portfolio, combining 35 U.S.-listed companies driving blockchain adoption and 15 major digital assets. Later in 2025, Dinari plans to launch an investable version of the index with its flagship product, dShares™. This step involves creating a fully backed, tokenized index that offers investors exposure to both U.S. equities and crypto.
Chainlink will act as the data layer, responsible for feeding verified, real-time pricing and performance data directly to the tokenized index. This integration aims to ensure the index’s operational data remains accurate and transparent with trusted financial sources, thereby meeting the standards of both traditional and digital asset investors.
Executive statements on the partnership
Gabe Otte, CEO and co-founder of Dinari, emphasized the importance of trusted data in finance. “Financial systems depend on trusted data and transparent infrastructure,” he added. “Working with S&P Dow Jones Indices and Chainlink allows us to bring that same standard of reliability to tokenized benchmarks, ensuring the S&P Digital Markets 50 operates with integrity and verifiability onchain.”
“I’m very excited about this partnership between Dinari, S&P Dow Jones Indices, and Chainlink, as it represents a major step toward institutional-grade benchmarks operating directly onchain.” Fernando Vazquez, President, Capital Markets, Chainlink Labs, said, “By powering the S&P Digital Markets 50 Index, Chainlink is enabling one of the first indexes to operate onchain with verifiable, real-time index data that spans both traditional and digital assets.”
Cameron Drinkwater, Chief Product & Operations Officer at S&P Dow Jones Indices, stated, “The integration of Chainlink’s decentralized oracle network provides a crucial intermediary for the soon-to-be-launched S&P Digital Markets 50 Index,” he commented. “This collaboration ensures data integrity and connectivity that will bring the S&P Digital Markets 50 Index to market in a transparent, reliable, and efficient manner.”
The tokenized infrastructure
Dinari’s dShares™ product ensures each equity in the index is tokenized one-to-one with the backing stock and held with a regulated custodian, including an analogous system for backing tokens. Investors retain the full economic rights of the backing stock, including cash dividends and the protected ability to redeem for full market value.
This collaboration extends reliability to the delivery and use of the index data itself, creating secure infrastructure for financial products that can be audited, distributed, and settled directly on blockchain systems. It also lays a base for programmable finance and new classes of investment products.
Broader context
The announcement follows a trend of institutions exploring the tokenization of real-world assets (RWAs). Dinari previously collaborated with S&P DJI to develop the S&P Digital Markets 50 Index, recognizing rising demand for diversified exposure to the crypto ecosystem that blends both traditional and digital assets.
Dinari has been a pioneer in the tokenized securities, being one of the first platforms to secure a U.S. broker-dealer registration for its subsidiary to offer tokenized U.S. stocks to domestic investors, though dShares™ are currently primarily for non-U.S. investors.
Chainlink, as the oracle network, has secured trillions in transaction value across the DeFi space. Additionally, it is partnering with major financial institutions like Swift, Euroclear, and Fidelity International to power institutional-grade onchain applications, putting it as the secure bridge for bringing off-chain data onto the blockchain.
Also Read: Chainlink Partners with FTSE Russell for On-Chain Indices
