Securitize announced the launch of two new tokenized funds tracking two indices from S&P Dow Jones Indices that provide exposure to top-performing cryptocurrencies and emerging technologies. Anchorage Digital Bank is the custodian.
These are the first indices from S&P DJI — and the first funds based on indices from a major index provider — to be tokenized, which is expected to provide benefits associated with blockchain technology such as easier access, greater efficiency, and lower trading fees. The funds are tokenized using the Algorand blockchain protocol.
The funds will be offered through Securitize’s digital asset management arm and available on its alternative assets marketplace, alongside the firm’s existing bitcoin and USDC yield funds.
“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, in a statement.
Wilfred Daye, head of Securitize Capital, said in a statement: “The new tokenized funds provide investors exposure to a diverse blend of cryptocurrencies and emerging technologies. In particular, they are a new, efficient option for family offices, institutions and accredited investors looking for exposure to promising cryptocurrencies and exposure to disruptive global companies.”