The centrifuge real active specialist launched what he calls the first S&P 500 indexed fund under license on Blockchain Rails, opening one of the most recognized action benchmarks in the world to chain investors.
The Janus Henderson Anemoy S&P 500 Fund, nicknamed SPXA, was put online on Thursday on the basis, an Ethereum Layer-2 network developed by Crypto Exchange Coinbase.
The offer is the first tokenized index fund authorized by the S&P Dow Jones indices. It allows the S&P 500, a large basket of the largest US companies listed on the stock market which cover around 80% of the US stock market, to negotiate 24 hours a day with transparent assets.
Falconx, a brokerage of digital assets, was an anchoring investor in the product, while Wormhole, a transversal messaging protocol, will manage the future enlargement to other blockchains. Janus Henderson, a global asset manager based in London with nearly $ 500 billion in AUM, is responsible for underinvestment, while the Anemoy centrifugal assets management supervises the fund.
The initiative is part of a broader trend to provide traditional financial instruments such as obligations, funds and actions, often called real assets (RWA), on blockchain rails. Supporters explore token for operational gains, faster establishments and 24 hours a day trading.
Centrifuge, which has built infrastructure for private credit and fixed income securities since 2017, sees SPXA as its entry point into actions, a tokenization trend that recently took off.
“Indices are the best way to bring actions to the chain,” said Bhaji Illuminati, CEO of centrifuge, in a press release. “They are simple, ready for guarantees and unlock liquidity in a way that individual titles cannot.”
For S&P Dow Jones indices, the offer is a springboard to “build the future of financial products related to the index” traditional financial products are starting to migrate to blockchain environments, said Cameron Drinkwater, product manager at S&P DJI.
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