Centrifuge Launches SPXA on Base Ethereum Layer 2 Network
- Centrifuge introduced SPXA, the first licensed tokenized S&P 500 index fund, on the Base Ethereum Layer 2 network.
- SPXA allows for 24/7 trading access to S&P 500 exposure in tokenized form.
- The fund was developed in collaboration with Centrifuge and S&P Dow Jones Indices.
- SPXA is co-managed by Anemoy Capital and JHI Advisors, with FalconX Global as the anchor investor.
- Wormhole will facilitate multichain expansion for the fund using its cross-chain messaging protocol.
Centrifuge has launched SPXA on Base, an Ethereum Layer 2 network, marking it as the first licensed tokenized S&P 500 product. This development offers continuous trading opportunities and integrates with DeFi protocols for programmable finance solutions.
Source (3.2)https://cryptobriefing.com/centrifuge-launches-spxa-tokenized-s-and-p-500-fund-on-base/?rand=59535
