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Centrifuge Launches Tokenized S&P 500 Index SPXA on Base Blockchain
Centrifuge Launches Tokenized S&P 500 Index SPXA on Base Blockchain
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BTCCSquare news:
Centrifuge has introduced SPXA, a tokenized version of the S&P 500 index, on the Base blockchain. This marks the first licensed tokenized S&P 500 product, offering round-the-clock access to the index. The fund is managed by Anemoy Capital and JHI Advisors, with FalconX Global as the anchor investor.
Wormhole will facilitate the expansion of SPXA across multiple chains, enhancing its accessibility. The collaboration leverages Janus Henderson's asset management expertise, S&P DJI's benchmarks, and Centrifuge's tokenization technology. "Indices are the best way to bring stocks onchain: they’re simple, collateral-ready, and unlock liquidity in ways individual securities can’t," said Bhaji Illuminati, CEO of Centrifuge.
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