Centrifuge has launched the Janus Henderson Anemoy S&P 500® Index Fund Token (SPXA), the first tokenized index fund officially licensed by the S&P. Investors can now access S&P 500 exposure directly onchain instead of through traditional ETFs or brokers. The fund also has multichain interoperability powered exclusively by Wormhole.
Why Is The S&P 500® Index Fund Token Important?
The S&P 500 is the world’s most widely tracked index. The index represents nearly 80% of the US stock market value and covers more than $6 trillion worth of ETFs and funds worldwide. Tokenizing this index marks a substantial milestone for the finance industry.
The S&P 500® Index Fund Token (SPXA) launches initially on Base. Wormhole’s infrastructure will allow the S&P 500® Index Fund Token (SPXA) to move seamlessly across blockchain ecosystems, ensuring global investors can access the fund from their preferred network. This interoperability is critical for institutional adoption—Wormhole already powers tokenized funds for BlackRock, Apollo, VanEck, and Hamilton Lane.
Centrifuge is another central part of the launch. The real-world asset (RWA) tokenization platform recently upgraded to its V3 infrastructure with Wormhole as the exclusive interoperability provider. This partnership enables unified liquidity management across blockchain networks, removing the fragmentation that has historically limited tokenized asset adoption.
The Big Picture
The launch of the S&P 500® Index Fund Token (SPXA) marks a major milestone for the tokenized asset industry. It is the first time a blue-chip index fund like the S&P 500 has an official onchain version licensed directly by S&P Dow Jones Indices.
This bridges traditional finance and DeFi in an unprecedented manner, opening new pathways for global investors to access the S&P 500 with reduced barriers and 24/7 availability. The collaboration between Centrifuge, Janus Henderson, S&P Dow Jones Indices, and Wormhole demonstrates how blockchain infrastructure can bring institutional-grade financial products to decentralized ecosystems.
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