Chainlink and Dinari bringing S&P crypto stock index onchain

Tokenized equities firm Dinari and Chainlink said Wednesday they are teaming up to bring the soon-to-be-launched S&P Digital Markets 50 Index onchain.

"The index will track 35 U.S.-listed companies driving blockchain adoption and 15 major digital assets," the two companies said in a statement. "Chainlink’s oracle platform will supply verified, real-time pricing and performance data to power the onchain, tokenized benchmark, ensuring it remains accurate, transparent, and aligned with trusted financial sources."

Dinari and S&P Dow Jones Indices, the provider of the well-known S&P 500 index, developed the new crypto index together. It is slated to launch during the fourth quarter of this year. The market cap for tokenized real-world assets (RWAs), including equities, is expected to grow to $2 trillion by 2028, according to Standard Chartered Bank.

Today's announcement follows Chainlink saying on Monday it has also partnered with FTSE Russell to bring its indices and market data onchain.

Later this year, Dinari said it will also tokenize the index through its dShares service. Dinari said it provides access to over 200 tokenized U.S. public stocks and financial assets across 85 countries.

"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," Chainlink Labs President of Capital Markets Fernando Vazquez said.