S&P Dow Jones Indices S&P DJI plans to launch tokenized index products
According to ChainCatcher, as reported by Cointelegraph, S&P Dow Jones Indices (S&P DJI) is in discussions with major exchanges and DeFi protocols to launch blockchain-based tokenized index products. Company executives indicated that the initial offerings may include tokenized versions of the S&P 500 Index and the Dow Jones Industrial Average.
The company 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 had reached $370 million.
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