S&P 500 Index licensed to Centrifuge, Janus Henderson for fund tokenization – Ledger Insights – blockchain for enterprise

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S&P Dow Jones Indices has licensed the S&P 500 Index to actual world asset (RWA) tokenization platform Centrifuge, with the intention of making an S&P 500 tokenized fund.

The license has been granted to Centrifuge’s asset administration arm Anemoy Capital alongside established asset supervisor Janus Henderson, the sub fund supervisor.

“Our collaboration with Centrifuge enables investors to gain direct exposure to the S&P 500 Index – within a blockchain ecosystem that supports liquidity, transparency and interoperability,” mentioned Cameron Drinkwater, Chief Product Officer at S&P Dow Jones Indices. “The potential from here – real-time, programmable, automated and 24/7 indexed portfolio solutions – is incredibly exciting.”

Research has proven that youthful traders usually favor various belongings and crypto to shares. For crypto traders, having all their belongings in a single pockets is interesting, so tokenized shares or funds can have a larger enchantment to this market than the traditional variations. S&P additionally envisages licensing its indices to be embedded in DeFi protocols sooner or later.

Meanwhile, Centrifuge is just not an unknown amount. Last 12 months it partnered with Janus Henderson for the Janus Henderson Anemoy Treasury Fund, a tokenized cash market fund (MMF). The fund has carried out effectively with belongings beneath administration of $447 million, largely down to Centrifuge’s longstanding relationship with stablecoin issuer Sky (previously MakerDAO). Spark, one of many funding swimming pools that invests Sky reserves, has a stake within the MMF of at the very least $376 million. This monitor document positioned Centrifuge as a horny associate for the S&P 500 initiative.

Centrifuge was based by the staff behind Taulia, the provision chain finance startup acquired by SAP. From its early days in 2017, Centrifuge’s intention was to tokenize commerce finance belongings. This concerned growing a relationship with stablecoin platform MakerDAO, which invested within the commerce finance swimming pools. After some essential loans defaulted, it diversified the belongings it was tokenizing to these with decrease danger. These embrace tokenized treasuries and now the S&P.

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