Tokenization specialist Dinari has partnered with Chainlink Labs to bring the forthcoming S&P DJI “Digital Markets 50” index entirely on-chain. Using Chainlink’s decentralized oracle infrastructure for real-time, verifiable data, the project aims to deliver a tradable token that tracks a basket of 35 public blockchain-related companies and 15 leading cryptocurrencies.
The collaboration between Dinari and Chainlink signals a next-step evolution in index creation and digital asset tokenization. Under the project, the S&P DJI Digital Markets 50 index will span both traditional equities—35 publicly listed companies exposed to blockchain, Web3 or digital-asset infrastructure—and 15 of the top cryptocurrencies. Dinari’s role is to issue a token (via its “dShares” structure) that is backed 1:1 by the underlying basket.
While Chainlink will supply the pricing and performance data necessary to maintain the tokenized instrument’s integrity on-chain. The integration of oracles ensures that the token’s value and mechanics are transparent, real-time and anchored to external market metrics.
From an investor perspective, the structure promises a unified access point to blended exposure: one token offering simultaneous access to TradFi equities and crypto assets. This design may appeal to institutions or high-net-worth investors who wish to diversify across both segments through a regulated wrapper. Although S&P DJI itself is not issuing the token, it has endorsed the data-feed process and acknowledged the token’s alignment with the index rules framework.
Bridging TradFi and crypto: a tokenized hybrid index enters the on-chain era
Strategically, this move reflects a broader shift in how real-world assets (RWAs) are being brought on-chain. Tokenized funds, indexes and baskets are gaining traction as the operational infrastructure matures. By combining equity and crypto exposure within a single token, the project reduces barriers to entry, streamlines settlement and leverages blockchain rails for transparency and borderless transfer.
However, challenges remain. Custody of the underlying equities, regulatory compliance across jurisdictions, token-holder rights (such as dividend entitlements) and the development of secondary-market liquidity are all critical for success. Moreover, the execution timing will matter: market sentiment, crypto volatility and macro-financial conditions could affect demand and stability of the token product.
In summary: Dinari’s tokenization of the S&P DJI Digital Markets 50 index—powered by Chainlink oracles—marks a significant experiment at the intersection of traditional indexes and digital assets. If the structure works as intended, it may open a new category of investable vehicle that blends stocks and crypto in a single, tokenized wrapper.
