S&P Dow Jones Indices plans to launch tokenized index products

ChainCatcher news, according to Cointelegraph, S&P Dow Jones Indices (S&P DJI) is in talks with mainstream exchanges and DeFi protocols to launch blockchain-based tokenized 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 previously collaborated 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.