Chainlink’s infrastructure is transporting a premier S&P index onto the blockchain. Its partnership with Dinari brings real-time data for the crypto-inclusive benchmark onchain, setting a new standard for hybrid financial products.
- Chainlink, Dinari, and S&P Dow Jones Indices will bring the S&P Digital Markets 50 Index onchain in Q4 2025.
- The benchmark combines 35 blockchain-focused U.S. equities and 15 digital assets, tokenized via Dinari’s dShares.
According to a press release dated Nov. 5, Dinari has joined forces with Chainlink and S&P Dow Jones Indices to bring the S&P Digital Markets 50 Index onchain later this year.
The index, developed by S&P DJI and tokenized through Dinari’s dShares product, will track 35 U.S.-listed companies advancing blockchain adoption alongside 15 major digital assets. Chainlink’s decentralized oracle network will provide verified, real-time pricing data to maintain the benchmark’s accuracy and transparency as it goes live on blockchain infrastructure.
“Financial systems depend on trusted data and transparent infrastructure,” Dinari CEO Gabe Otte said. “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.”
Chainlink to power the first onchain benchmark
The S&P Digital Markets 50 Index is scheduled to launch in the fourth quarter of 2025, marking one of the first attempts to make a traditional equity and crypto benchmark fully verifiable onchain.
Dinari’s dShares, its tokenized-equities framework, will anchor the effort by creating one-to-one representations of each underlying stock held with regulated custodians, according to the press release. This model, which includes an analogous system for the 15 digital assets, grants investors the full economic rights of the backing securities, including dividends and a redemption path.
For Chainlink, the collaboration reinforces its growing foothold in institutional finance. Its decentralized oracle network will feed verified, real-time data from S&P Dow Jones Indices into the blockchain, providing a transparent and tamper-resistant pricing backbone for the tokenized benchmark.
The announcement also extends a string of enterprise integrations that Chainlink has landed this year. On Nov. 3, the firm revealed a similar partnership with FTSE Russell, which will use Chainlink’s DataLink service to bring major indices like the Russell 1000, 2000, and 3000 onchain.
The move by two of the world’s largest index providers within the same week highlights the accelerating momentum behind tokenized data infrastructure and Chainlink’s growing role as the connective layer between traditional capital markets and blockchain ecosystems.
Per the statement, Chainlink’s infrastructure is already used by global financial institutions such as Swift, Euroclear, Mastercard, Fidelity International, UBS, and ANZ, as well as leading DeFi protocols including Aave, GMX, and Lido.
