Dinari Taps Chainlink to Tokenize S&P Digital Markets 50 Index

Tokenization specialist Dinari is partnering with Chainlink to bring the S&P DJI's forthcoming Digital Markets 50 Index onto the blockchain as a token. This new index will track 35 public companies involved in blockchain technology alongside 15 prominent cryptocurrencies. The integration of Chainlink is crucial, as it will provide verified real-time pricing data, ensuring transparency and reliability for the tokenized index. Each token, referred to as a 'dShare', will be backed 1:1 by the actual stocks held by a regulated custodian, thereby preserving investors' rights, including dividends and redemptions. While S&P DJI is not directly backing the token, the collaboration assures that the indexing data will meet stringent standards. Chainlink's decentralized oracle network aims to ensure that the index remains updated and reflects current market performance, marking a significant step towards merging traditional financial instruments with digital assets.

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