According to ChainCatcher news and a report by Cointelegraph, S&P Dow Jones Indices (S&P DJI) is in talks with mainstream exchanges and DeFi protocols to launch blockchain-based tokenization index products. Company executives stated that the first products may include tokenized versions of the S&P 500 Index and the Dow Jones Industrial Average.
The company had previously partnered with Centrifuge to launch an on-chain index fund based on the S&P 500. Data shows that as of the end of July, the total market value of tokenized financial products has reached $370 million.
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S&P Dow Jones Indices LLC plans to launch tokenized index products.
According to ChainCatcher news and a report by Cointelegraph, S&P Dow Jones Indices (S&P DJI) is in talks with mainstream exchanges and DeFi protocols to launch blockchain-based tokenization index products. Company executives stated that the first products may include tokenized versions of the S&P 500 Index and the Dow Jones Industrial Average. The company had previously partnered with Centrifuge to launch an on-chain index fund based on the S&P 500. Data shows that as of the end of July, the total market value of tokenized financial products has reached $370 million.