S&P 500 Index Tokenization Initiative Launched via Centrifuge Partnership
Blockchain infrastructure provider Centrifuge has partnered with S&P Dow Jones Indices (S&P DJI) to introduce the first tokenized S&P 500 Index, according to a press release obtained by Cointelegraph.
Proof-of-Index Infrastructure and Tokenized Fund Debut
The collaboration introduces “proof-of-index” infrastructure designed specifically for tokenized products and launches the initial tokenized S&P 500 Index fund. This fund is built on Centrifuge’s blockchain-native platform and utilizes official S&P DJI index data, enabling programmable index-tracking funds managed via smart contracts.
“Today is the start of an exciting chapter that extends The 500™ into new use cases and users across the globe,” said Cameron Drinkwater, chief product officer at S&P Dow Jones Indices.
Institutional Onchain Access
The initiative allows S&P DJI-licensed asset managers to develop onchain funds, combining institutional standards with the flexibility and transparency of decentralized finance (DeFi). Anemoy Capital has secured the first license to launch the “Janus Henderson Anemoy S&P 500 Index Fund Segregated Portfolio,” powered by both S&P DJI data and Centrifuge’s infrastructure.
Janus Henderson’s head of innovation, Nick Cherney, highlighted the success of their previous tokenized collaboration with Centrifuge, noting one strategy surpassed previous records by reaching $1 billion in assets under management relatively quickly.
The S&P 500’s significance is substantial, underpinning a global trading volume exceeding $1 trillion daily across various ETFs, derivatives, and other products. Tokenizing the index aims to enable new functionalities such as automated buying, selling, usage as collateral, and programmable portfolio strategies.
“It’s about taking everything we learned in traditional markets and reimagining it with programmability, transparency, and global, 24/7 accessibility,” stated Anil Sood of Centrifuge.
Both the tokenized S&P 500 fund and the proof-of-index infrastructure are scheduled for official launch on [Date – e.g., Tuesday, May 28th], coinciding with the Centrifuge Real World Assets (RWA) Summit in Cannes.
Industry Perspectives on Utility
Centrifuge’s initiative addresses industry concerns about the limitations of pure tokenization. Kevin de Patoul, CEO of Keyrock, emphasized that tokenization requires “actual utility” beyond increased friction and cost compared to traditional methods.
Furthermore, consistent market-making is identified as crucial for transforming tokenized assets into genuinely usable financial instruments.
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