Tokenized equity provider Dinari announced Wednesday, a collaboration with Chainlink and S&P Dow Jones Indices to launch a new on-chain benchmark combining both traditional and digital assets.
The forthcoming S&P Digital Markets 50 Index, which is expected to debut before the end of the year, marks one of the first indices to operate entirely on blockchain infrastructure, backed by verifiable real-time data. Built in partnership with the same index provider behind the S&P 500 and Dow Jones Industrial Average, the new product will track 35 publicly listed U.S. companies with ties to blockchain and 15 major digital assets, creating a hybrid indicator of institutional and crypto market performance. The final list of constituents has yet to be made public.
“By powering the S&P Digital Markets 50 Index, Chainlink is enabling one of the first indexes to operate on-chain with verifiable, real-time index data that spans both traditional and digital assets,” said Fernando Vazquez, President of Capital Markets at Chainlink.
Once the index is finalized, Dinari plans to tokenize it through dShares, its on-chain equities platform. Each component within the index will be backed 1:1 with shares held by a regulated custodian, effectively transforming the index into a tradable blockchain-native asset. Chainlink’s decentralized oracle network will supply live price feeds and performance metrics, ensuring the on-chain version mirrors the off-chain benchmark with full transparency.
“Financial systems depend on trusted data and transparent infrastructure,” said Gabe Otte, Dinari’s co-founder and CEO. “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 on-chain.”
The collaboration signals how tokenization of real-world assets (RWA), especially equities, has become one of 2025’s defining financial trends. The model promises to merge the liquidity and efficiency of crypto markets with the trust frameworks of traditional finance.
Dinari’s initiative joins a growing list of firms racing to build bridges between securities and blockchain infrastructure. Earlier this year, Backed Finance introduced its xStocks feature, enabling tokenized trading of blue-chip equities like Tesla and Apple directly on-chain. In June, Robinhood unveiled a similar product for European users, while Coinbase is reportedly exploring its own entry into tokenized stock offerings.
The timing of Dinari’s announcement also coincides with a wider institutional embrace of blockchain-based data systems. On Monday, FTSE Russell said it would use Chainlink to publish its own market index data on-chain. The oracle network has also expanded into the public data domain, partnering with the U.S. Department of Commerce to stream macroeconomic statistics onto blockchain networks.