“The Spxa Offering Is The First Blockchain-Based Index Fund Licensed by the S&P Dow Jones Indices.”, – WRITE: www.coindesk.com
The Janus Henderson Anemoy S&P 500 FUND, DUBBED SPXA, WENT LIVE ON Thursday on Base, An Ethereum Layer-2 Network Developed by Crypto Exchange Coinbase.
The Offering Is The First Tokenized Index Fund Licensed by the S&P Dow Jones Indiches. IT ALLOWS The S&P 500, A Wide Basket of the Largest Publicly Traded US Companies that Covers Roughly 80% of the US Equity Market, to Trade AROUND The CLOCK WITH Transparent Holdings.
Falconx, A Digital Asset Brokerage, Was and Ankor Investor in the Product, While Wormhole, A Cross-Chain Messaging Protocol, Will Handle Future Expansion to Other Blockchains. Janus Henderson, A London-Based Global Asset Manager with Nearly $ 500 Billion in Aum, Is Serving as Sub-Investment Manager, While Centrifuge’s Asset Management Anemoy.
The Initiative Fits Into a Broader Trend of Bringing Traditional Financial Instruments Such As Bonds, Funds and Equities, Often Called Real-World Assets (RWA). Proponents Explore Tokenization for Operational Gains, Speedier Settlements and AROUND-The-CLOCK TRADING.
Centrifuge, WHICH HAS Built Infrastructure for Tokenizing Private Credit and Fixed Income Since 2017, SEES SPXA As ITS Entry Point Into Equities
“Indices Are The Best Way to Bring Stocks On-Chain,” Bhaji Illuminati, CEO OF CENTRIFUGE, SAID IN A STATEMENT. “They’re Simple, Collateral-Ready and Unlock Liquidity in Ways Individual Securities Can.”
For S&P Dow Jones Indices, The Offering Is A Stepping Stone to “Build The Future of Index-Linked Finked Financial Products” Traditional Finance Products Are Beginning to Migramens, To Blocrate Tonviron DRINKWATER, CHIEF PRODUCT Officer AT S&P DJI.
Read More: Blockchain-Based Rwa Specialists Bring $ 50m to Apollo’s Tokenized Credit Strategy
Bank Tokens May Ultimately Surpass Stablecoins in Transaction Volume, Report SAID.
- Citi Raises It 2030 Stablecoin Issuance Forecast to A $ 1.9 Trillion Base Case and A $ 4 Trillion Bull Case.
- Stablecoins Could Support Up to $ 200 Trillion in Transactions at Scale.
- Bank Tokens May Overtake Stablecoins As Corporates Seek Regulatory SafEGuards.
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