Centrifuge and S&P Dow Jones Indices Launch Onchain S&P 500 Index Fund

According to Cointelegraph, blockchain infrastructure platform Centrifuge has partnered with S&P Dow Jones Indices (S&P DJI) to introduce the S&P 500 Index onchain for the first time. This collaboration marks the debut of proof-of-index infrastructure for tokenized products and the launch of the first tokenized S&P 500 Index fund. Built on Centrifuge’s blockchain-native platform, the fund utilizes official S&P DJI index data to offer programmable index-tracking funds through smart contracts. Cameron Drinkwater, chief product officer at S&P Dow Jones Indices, expressed enthusiasm about the new venture, stating that it opens up new use cases and users globally source: https://www.binance.com/en/square/post/26350819743626?utm_source=BinanceNewsRSS