The centrifugal blockchain infrastructure platform has teamed up with S&P Dow Jones Indices (S&P DJI) to provide for the first time the S&P 500 index, according to a press release shared with Cointtelegraph.
The collaboration introduces an index proof infrastructure for tokenized index products and will see the beginnings of the first index fund of the S&P 500 Tokenized, according to the announcement.
Built on the native platform of the centrifuge blockchain, the fund uses official data from the S&P DJI index to provide programmable index monitoring funds via smart contracts.
“Today is the beginning of an exciting chapter that extends 500 ™ in new users of use and users around the world,” said Cameron Drinkwater, product manager at S&P Dow Jones Indices.
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Authorized managers were authorized to launch ONCHAIN funds
The initiative opens the way to asset managers approved by S&P DJI to launch ONCHAIN funds which align with institutional standards while exploiting the flexibility and transparency of decentralized finances.
The native web3 active manager, Anemoy Capital, obtained the first license to build the separate portfolio of Janus Henderson Anemoy S&P 500. S&P DJI index Data and Centrifuge Power The Exhibition and Intelligent Contract Infrastructure Index.
Nick Cherney, the chief of innovation of Janus Henderson, said that their previous tokenized funds with centrifuge had won a notable traction, a strategy reaching $ 1 billion in management faster than any previous tokenized funds.
The S&P 500 is at the heart of the world markets, with more than 1 dollars billion exchanged per day in ETFs, derivatives and other products. The contribution of the ONCHAIN index would allow investors to buy, hold, exchange them, use it as guarantee or automate portfolio strategies.
“It is a question of taking everything we have learned on the traditional markets and of reinventing it with programmability, transparency and world accessibility 24/7,” said Anil Sood de Centrifuge.
The S&P 500 tokenized fund will be officially launched on July 1 at the Centrifugal Summit Rwa in Cannes, alongside the infrastructure for indexing centrifuge, which aims to standardize token index products.
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The usefulness remains the key
The centrifuge decision to bring the S&P 500 ONCHAIN when industry leaders warn that tokenization alone is not enough. Kevin de Patoul, CEO of Keyrock, told Cintelegraph that tokenization “needed real utility” to prosper.
“If there is not something that I can do with the assets in a tokenized form that I could not do before, then it is just a friction and a cost,” he said.
De Patoul has added that liquidity is also crucial for token markets, noting that the creation of a coherent market transforms tokenized assets into usable financial tools.
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