Centrifuge, S&P DJI Launch First Tokenized S&P 500 Index Fund

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Blockchain infrastructure platform Centrifuge has teamed up with S&P Dow Jones Indices (S&P DJI) to bring the S&P 500 Index onchain for the first time, according to a press release shared with Cointelegraph.

The collaboration introduces proof-of-index infrastructure for tokenized products and the debut of the first tokenized S&P 500 Index fund, per the announcement.

Built on Centrifuge’s blockchain-native platform, the fund uses official S&P DJI index data to offer programmable index-tracking funds via smart contracts.

“Today is the start of an…



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Centrifuge, S&P DJI Launch First Tokenized S&P 500 Index Fund


Blockchain infrastructure platform Centrifuge has teamed up with S&P Dow Jones Indices (S&P DJI) to bring the S&P 500 Index onchain for the first time, according to a press release shared with Cointelegraph.

The collaboration introduces proof-of-index infrastructure for tokenized products and the debut of the first tokenized S&P 500 Index fund, per the announcement.

Built on Centrifuge’s blockchain-native platform, the fund uses official S&P DJI index data to offer programmable index-tracking funds via smart contracts.

“Today is the start of an…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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