Centrifuge Launches First Tokenized S&P 500 Index Fund Onchain

Centrifuge, a blockchain infrastructure platform, has announced a partnership with S&P Dow Jones Indices to launch the first tokenized fund tracking the S&P 500 Index, according to a press release shared with Cointelegraph.

The fund is built on Centrifuge’s native blockchain platform and uses official S&P DJI index data to replicate the performance of the S&P 500 through smart contracts. This marks the first time the index is available onchain, enabling the creation of programmable financial products that track indices transparently and automatically.

The collaboration also introduces a “proof-of-index” infrastructure designed to ensure data integrity and compliance with the original index methodology.

Centrifuge officials state that the project aims to expand access to index-based investments using blockchain technology. Cameron Drinkwater, Chief Product Officer at S&P Dow Jones Indices, said the initiative represents “the beginning of a new chapter” for the use of the S&P 500 Index.