Tokenized equity provider Dinari is collaborating with Chainlink to bring a new blockchain focused equities index on-chain, the firm announced on Wednesday.  The S&P Digital Markets 50 Index built by Dinari with the help of index provider S&P Dow Jones Indices—the maintainer of the S&P 500 and the Dow Jones indices—is expected to start before the end of the year.  “By powering the S&P Digital Markets 50 Index, Chainlink is enabling one of the first indexes to operate on-chain with verifiable, real-time inde ...

Group 1 - The core argument against cryptocurrency has been its lack of mainstream acceptance, but the introduction of the S&P Digital Markets 50 Index signals a shift towards wider acceptance of crypto as an investment asset [1][4] - The S&P Digital Markets 50 Index aims to track a diverse range of companies and digital assets within the crypto ecosystem, including 35 companies involved in digital asset operations and 15 selected cryptocurrencies [3][4] - The index is currently not an investable ETF, but plans are in place for fintech firm Dinari to offer investible "dShares" based on the index later this year, potentially leading to new ETFs or mutual funds [3][4] Group 2 - The legitimization of cryptocurrency through such indices is expected to enhance investor confidence, potentially increasing investment and driving up crypto prices while reducing volatility [4] - Investing in a crypto-based index offers the benefit of a relatively diversified portfolio with a single purchase, allowing investors to hold 50 different investments rather than concentrating on one [5]