Summary
- Centrifuge (CFG) reportedly launched SPXA by tokenizing an S&P500 index fund on Coinbase's Base network.
- The SPXA token tracks the performance of the S&P500 index, and investors can easily invest in the stock movements of major U.S. companies on the blockchain.
- The fund has been highlighted as an example of increasing access to traditional financial assets within the decentralized finance (DeFi) ecosystem.
On the 25th (local time), according to CoinDesk, a media outlet specializing in virtual assets (cryptocurrencies), the real-world asset (RWA)-based decentralized lending protocol Centrifuge (CFG) launched SPXA, a tokenized S&P500 index fund, on Coinbase's Base network.
The fund has been highlighted as an example of expanding access to traditional financial assets within the decentralized finance (DeFi) ecosystem. The SPXA token tracks the performance of the S&P500 index, allowing investors to easily invest in the stock movements of major U.S. companies on the blockchain.
JH Kim
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