Finance
What to know: (Or what I think you should know, but hey, Iām no expert š¤·āļø)
- Dinari, the tokenization wizard, is teaming up with Chainlink to slap the S&P DJI’s Digital Markets 50 Index onto the blockchain. Because why not? š§āļø
- Chainlink will feed it verified pricing data. Because apparently, blockchains canāt trust themselves. š¤
- Tokenizing real-world assets is all the rage now. Institutions are jumping on the bandwagon like itās the last chopper out of Saigon. š
So, Dinari-the tokenized equity guru-is cozying up to Chainlink for some fancy pricing data to bring the S&P DJI’s crypto-focused index onchain. Because who needs traditional finance when you can have it all in a token? š¤
The S&P Digital Markets 50 Index is tracking 35 blockchain companies and 15 top cryptos. Dinariās ādSharesā will let you dip your toes in both TradFi and crypto with one token. Each dShare is backed 1:1 with the underlying stock, so you can still get your dividends and redemptions. Itās like having your cake and eating it too, but with more blockchain. š°
S&P DJI isnāt backing the token, but theyāre cool with Chainlinkās data standards. Because if Chainlink says itās transparent and reliable, it must be, right? š¤
Chainlinkās decentralized oracle network will keep the index updated in real-time. Oracles-basically blockchainās version of Google-will feed it all the data it needs. Because blockchains canāt just figure it out themselves. š
Fernando Vazquez from Chainlink Labs said something about enabling the first index to operate onchain with verifiable, real-time data. Sounds impressive, but letās see if it crashes first. šš„
This whole thing is part of a bigger trend of dragging TradFi instruments onto the blockchain. Bonds, funds, equities-you name it. Itās like the blockchain is the new black. š¤
Oh, and Centrifuge already launched the first licensed S&P 500 index fund onchain. SPXA, traded on Coinbaseās Base network. Because why stop at one index when you can tokenize them all? š²
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2025-11-05 16:10