The real-world asset specialist centrifuge launched what it called the first licensed S&P 500 index fund to blockchain metals, opening one of the world’s best benchmarks to on-chain investors.
The Janus Henderson Anemoy S&P 500 Fund, called SPXA, lived live on Thursday at the base, an Ethereum Layer-2 network developed by the Crypto Exchange Coinbase.
The offer is the first tokenized index fund licensed by the S&P Dow Jones indices. It allows the S&P 500, a wide basket of the largest companies that have exchanged publicly cover nearly 80% of the US equity market, to trade around the clock with transparent handling.
Falconx, a digital asset brokerage, is a product investor in the product, while the wormhole, a cross-chain messaging protocol, will handle the future expansion of other blockchains. Janus Henderson, a London-based global asset manager with about $ 500 billion in AUM, serves as a sub-investment manager, while the centrifuge asset management arm Anemoy oversees the fund.
The initiative fits into a broader trend of carrying out traditional financial instruments such as bonds, funds and equality, often called real-world assets (RWA), into blockchain metals. Proponents will explore tokenization for operational gains, speeds and trading speeds around.
Centrifuge, who has built an infrastructure for a private credit and has been repaired since 2017, has seen SPXA as its point of entry into equal -equal, a trend of tokenization that has recently been removed.
“Indices are the best way to carry on-chain stocks,” Bhaji Illuminati, CEO of Centrifuge, said in a statement. “They are simple, collateral-prepared and unlock liquidity in ways that the individual security may not be.”
For the S&P Dow Jones indices, the offer is a rock step to “build the future of financial products associated with index” Traditional financial products are beginning to move to blockchain environments, Cameron Drinkwater, Chief Product Officer at S&P DJI said.
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