The real-world asset (RWA) tokenization platform Centrifuge just launched the first tokenized S&P 500 Index Fund.
In a statement, the protocol is announcing that the SPXA index fund is now live on Base, the Ethereum (ETH) layer-2 network developed by the US-based crypto exchange Coinbase.
SPXA is launched exclusively on Base but the cross-chain messaging protocol Wormhole will power the index fund’s movement across supported chains as the sole multichain provider.
Centrifuge says that the fund’s investment manager and sub-investment manager are the web3 native asset manager Anemoy and the global asset manager Janus Henderson, respectively. The digital assets prime brokerage FalconX serves as anchor investor.
Centrifuge CEO Bhaji Illuminati says indices are the best way to bring stocks onchain as the benchmarks of traditional finance continue to shape the global economy.
“They’re simple, collateral-ready, and unlock liquidity in ways individual securities can’t. SPXA is the next step in making every asset investable onchain, accessible to investors worldwide, around the clock.”
Cameron Drinkwater, Chief Product Officer at S&P Dow Jones Indices, says the launch of the SPXA allows investors to gain direct exposure to the S&P 500 Index through a blockchain ecosystem.
“Blockchain is a transformative opportunity for S&P DJI, and Centrifuge is a collaborator with a shared vision to build the future of index-linked financial products.”
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