Dinari utilizes Chainlink to tokenize the upcoming cryptocurrency market index by S&P DJI

According to CoinDesk, tokenized stock company Dinari is obtaining pricing data from the oracle network Chainlink to bring the upcoming cryptocurrency-focused index from S&P Dow Jones Indices on-chain.

The S&P Digital Markets 50 Index will track 35 publicly traded companies involved in blockchain technology and 15 mainstream cryptocurrencies. Dinari will create tokens for the index using its "dShares" product, allowing investors to access both traditional finance and cryptocurrency markets through a single digital asset.

Each dShare token is backed by underlying stocks at a 1:1 ratio and held by a regulated custodian, ensuring rights such as dividend distribution and redemption. Although S&P Dow Jones Indices does not endorse the token itself, the index provider has confirmed that the integration with Chainlink ensures that the data supporting it meets standards of transparency and reliability.