The deRWA framework allows non-US users to trade tokenised equity index fund exposure 24/7 on a permissionless blockchain environment.
Tokenisation platform Centrifuge has launched deSPXA on the Base blockchain, utilising its decentralised real-world asset (deRWA) framework. The asset provides non-US users with tokenised exposure to the Anemoy S&P 500 Index Fund (SPXA). The fund is managed by Janus Henderson and built under licence from S&P Dow Jones Indices.
The deSPXA token is designed to be tradeable 24/7, allowing for interaction with various decentralised finance (DeFi) protocols. Unlike traditional tokenised ETFs, deSPXA can be minted or redeemed at its net asset value (NAV) by authorised participants.
Anil Sood, Chief Strategy Officer of Centrifuge Labs, stated: “deSPXA on Base is the moment that changes who can hold, use, and benefit from tokenised assets on-chain outside the United States and other restricted jurisdictions.”
Cameron Drinkwater, Chief Product Officer, S&P Dow Jones Indices, said: “We are thrilled to collaborate with Centrifuge to license the S&P 500 for SPXA to be available on Base, flexibly wrapped as deSPXA.”
Bhaji Illuminati, CEO of Centrifuge Labs, added: “The real opportunity is moving up the stack, building new primitives on-chain, integrating with DeFi, and opening new distribution pathways. That’s how we compress the distance between assets and investors and bring innovative financial products to market.”
The integration is built on Centrifuge V3, with Chronicle delivering real-time, verifiable pricing data for the underlying assets. LayerZero will power future multichain expansion, and Keyrock will provide market-making services.
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