Securitize, the leading firm using blockchain to expand access to the capital markets, announced today the launch of two new tokenized funds tracking two of the most innovative indices from S&P Dow Jones Indices, the world’s leading index provider, a major milestone in institutional innovation and adoption of blockchain.
The S&P indices being tokenized and offered by Securitize are:
The news is particularly significant because these are the first indices from S&P DJI — and the first funds based on indices from a major index provider — to be tokenized, demonstrating growing interest by leading financial institutions and demand from investors in adopting the benefits of blockchain technology, including easier access, greater efficiency, and much lower trading fees. The move is also in line with recent fund announcements and regulatory actions indicating that the tokenization of these funds is expected to be the beginning of a wave of fund tokenization over the coming year.
Accredited and institutional investors have access to S&P DJI’s indices in a tokenized format for the first time, at a low management fee of just 0.5%. The funds will be offered through Securitize’s digital asset management arm, Securitize Capital, and available on its alternative assets marketplace, Securitize Markets, alongside Securitize Capital’s existing Bitcoin and USDC yield funds. The funds are open for investment immediately and are tokenized using the Algorand blockchain protocol.
“S&P DJI’s innovation and leadership in tokenizing its indices is a major sign that institutions understand the many advantages of tokenization–from efficiency to easier investor access–and, I anticipate will be the start of a wave of tokenized funds over the coming months,” said Scott Harrigan, CEO of Securitize Markets. “Securitize Markets offers institutional, accredited and retail investors a diverse and growing range of tokenized investment opportunities under one roof, from…
