S&P 500 index goes on-chain! Centrifuge and S&P DJI jointly announce that "24/7 trading" is here.

The S&P 500 index has landed on the blockchain for the first time in the form of a tokenized fund, with Centrifuge and S&P DJI linking traditional finance and Web3 through the "Index Proof Infrastructure", bringing 24/7 trading and instant transparency. (Background: Michael Saylor: The U.S. Bitcoin reserves are expected to offset $81 trillion in debt, and MicroStrategy's opportunity to include the S&P 500 increases.) (Background supplement: BlackRock's Bitcoin ETF "IBIT" yields exceed all its funds, making it ten times larger than the S&P 500 ETF.) At the Cannes RWA Summit, Centrifuge and S&P Dow Jones Indices (S&P DJI) jointly announced that the S&P 500 index would be packaged as a tokenized fund and officially launched on the blockchain. This is the first time the world's most watched equity index has been "officially on-chain", ushering traditional financial assets into a new era of 24/7, uninterrupted trading. Key to the S&P 500 on-chain, both parties launched the "Janus Henderson Anemoy S&P 500 Index Fund Independent Portfolio", with the fund employing Centrifuge's "Index Proof Infrastructure". The index components, weights, and rebalancing rules all run automatically on-chain. Cameron Drinkwater, Chief Product Officer of S&P DJI, believes that authorizing the S&P 500 to go on-chain is a "natural extension of moving the flagship index on-chain". S&P DJI provides real-time index data, while Centrifuge's smart contracts are responsible for receiving, verifying, and writing to the blockchain, ensuring that any investor can query index history at any time. Web3-native asset management firm Anemoy Capital obtains the first license to establish a fund, with traditional asset management giant Janus Henderson serving as a co-advisor, responsible for bridging regulation and trust. Fund tokens can be traded, collateralized, and pooled in DeFi protocols, breaking through the U.S. market's time limit of "9:30–16:00". Anil Sood, Chief Strategy Officer of Centrifuge, pointed out at the summit: "We have fully put index data and fund infrastructure on-chain, which is the next logical leap in asset management." RWA market amplification effect The tokenization of real-world assets (RWA) is approaching a critical point. It is estimated that by 2025, the RWA market size will reach $23.9 billion, with an annual growth of 260%. Boston Consulting Group estimates that by 2030, the total on-chain economy could rise to $16 trillion. The daily trading volume of S&P 500 derivatives has already broken $1 trillion, and bringing the index on-chain is expected to become a driver for the RWA market. Robinhood is also offering tokenized U.S. stocks and ETFs in Europe, indicating that retail investors' demand for 24/7 and fragmented holdings is rapidly heating up. Extended reading: Robinhood's high-profile product launch at Cannes this summer has completely ignited the competition among on-chain brokerages. Regulatory follow-up observation Tokenized funds still require regulatory approval in various regions and are currently viewed as a supplement to traditional ETFs. It will take time to see if various countries' sub-delegation can comply with the subscription of on-chain funds. Related reports Robinhood launches tokenized U.S. stocks: offering OpenAI and SpaceX shares, building its own L2, HOOD hits new highs. Can retail investors in the crypto world also buy SpaceX equity? A look at three major private equity tokenization platforms. After a market earthquake in the past five years: comparing the actual trends of Bitcoin, gold, and the S&P 500. "The S&P 500 index is on-chain! Centrifuge and S&P DJI jointly announce that '24/7 trading' is here." This article was first published in BlockTempo, the most influential blockchain news media.