Centrifuge launches SPXA, a tokenized S&P 500 index fund on Base
Key Takeaways
- Centrifuge launched SPXA, the first licensed tokenized S&P 500 index fund, on the Base Ethereum Layer 2 network.
- SPXA provides 24/7 trading access to S&P 500 exposure in tokenized form.
Share this article
Centrifuge, a blockchain platform specializing in real-world asset tokenization, today launched SPXA, a tokenized S&P 500 index fund exclusively on Base, an Ethereum Layer 2 network.
The launch marks the first licensed tokenized S&P 500 product, developed through a collaboration between Centrifuge and S&P Dow Jones Indices. The fund enables 24/7 trading of S&P 500 exposure while integrating with DeFi protocols for programmable finance.
SPXA is co-managed by Anemoy Capital and JHI Advisors, with FalconX Global serving as the anchor investor. Wormhole, a cross-chain messaging protocol, will power multichain expansion for the fund.
Share this article
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New Cryptocurrency Funds Drive Major Market Shift on Wall Street
In Brief Three new cryptocurrency ETFs debuted on Wall Street with $65 million trading volume. Bitwise's Solana Staking ETF led, benefiting from a zero-fee launch period. Over 150 crypto ETF applications are pending, indicating growing institutional interest.
Ethereum News Update: Crypto’s Political Bet: Trump’s Clemency and $263M in Lobbying Fuel Regulatory Ambiguity
- Ethereum led $522M in crypto liquidations as ETF inflows ($246M) surpassed Bitcoin for first time, signaling institutional adoption shifts. - Crypto groups spent $263M lobbying 2026 U.S. elections, doubling 2024 efforts, while Trump's Binance pardon boosted XRP, ETH, and BTC prices. - Trump Organization's crypto income surged 17-fold to $864M via token sales, raising ethical concerns amid UK money laundering probes into linked partners. - CLARITY Act faces 20% passage chance by 2026 deadline despite clos
From Stocks to Crypto: 5 Altcoins Set to Soar 80%+ as Capital Rotates Into the Market
Shiba Inu Slips, Sui Targets $2.90 Breakout, and BlockDAG’s Presale Races Toward Its $600M Goal!
Explore how Shiba Inu faces downside pressure, Sui strengthens on ETF attention, and BlockDAG’s presale surges toward $600M as demand climbs!Shiba Inu Price Drops as Market Momentum StallsSui Eyes Breakout Toward $2.90Why $600M Is Just the Beginning for BlockDAG!Final Thoughts
Trending news
MoreCrypto prices
More
