Chainlink and Dinari Bring the U.S. Index to the Blockchain

Recently, cryptocurrency markets continue to gain momentum with innovative projects. One of the leading names in the crypto world, Chainlink, has partnered with tokenized stock platform Dinari to launch the S&P Digital Markets 50 Index on blockchain technology. This collaboration aims to attract investor attention while bridging the gap between traditional finance and digital assets.

Developed by Dinari and S&P Dow Jones Indices, this new index will encompass blockchain-focused companies listed on 35 U.S. exchanges and 15 major digital assets. The index is planned to be officially launched in the fourth quarter of 2023. Chainlink's oracle network will provide validated and real-time price and performance data to the index, enabling its on-chain version to be transparent and reliable.

This collaboration is viewed as an important step in the tokenization of real-world assets (RWA). Leading financial institutions such as Standard Chartered Bank predict that the total market value of tokenized stocks and other assets could reach $2 trillion by 2028. Chainlink also announced that it has established a similar data partnership with FTSE Russell through this collaboration.

Dinari plans to tokenize the S&P Digital Markets 50 Index through its “dShares” service by the end of the year. Currently, the company offers over 200 U.S. stocks and financial assets in tokenized form to investors in 85 countries, maintaining its position in the industry. Chainlink Labs President Fernando Vazquez emphasized the importance of the project, stating, “With this collaboration, we are enabling one of the first on-chain indices that covers both traditional and digital assets.”

This development is seen as opening the door to a new era in the process of transferring traditional financial data to blockchain. For investors, the launch of the S&P Digital Markets 50 Index presents an opportunity that should be closely monitored. With the rapid advancement of blockchain technology, significant changes may shape future investment strategies.