S&P Dow Jones Indices Collaborates with Centrifuge to Bring the S&P 500 Index Onchain, Expanding Access to the World's Most Widely Recognized Benchmark
Rhea-AI Summary
S&P Dow Jones Indices (NYSE:SPGI) has announced a groundbreaking collaboration with Centrifuge to bring the S&P 500 Index onchain, marking a significant advancement in index tokenization and real-world asset integration. The partnership will enable the creation of blockchain-native investment vehicles accessible directly through Centrifuge's infrastructure.
The initiative includes licensing agreements with Anemoy Capital, a web3 native asset manager, and Janus Henderson as sub-advisor to offer the Janus Henderson Anemoy S&P 500 Index Fund Segregated Portfolio, planned for launch later in 2025 subject to regulatory approval. This development will allow digital tokens representing S&P 500 Index exposure to be owned, used, and transferred through blockchain technology.
This collaboration expands S&P DJI's digital asset initiatives, which already include various cryptocurrency indices. The tokenization aims to provide broader market access and enhance liquidity, transparency, and interoperability within the blockchain ecosystem.
Positive
- First-ever blockchain-native investment vehicle for S&P 500 Index access
- Expansion of market accessibility through digital tokenization
- Enhanced liquidity and transparency through blockchain technology
- Partnership with established players Janus Henderson and Centrifuge
- Potential for real-time, programmable, and 24/7 indexed portfolio solutions
Negative
- Launch of the fund is subject to regulatory approval
- Implementation timeline not specified
Insights
S&P DJI's blockchain collaboration with Centrifuge marks a transformative step for institutional finance into decentralized markets.
This collaboration between S&P Dow Jones Indices and Centrifuge represents a landmark convergence of traditional finance and blockchain technology. By bringing the S&P 500 Index onchain, this initiative creates one of the first digital tokens offering direct exposure to the world's most recognized benchmark through decentralized infrastructure.
The significance extends beyond mere tokenization. This development enables 24/7 trading, programmability, and real-time index interaction – features impossible in traditional markets. By licensing the S&P 500 for direct integration into DeFi protocols, S&P DJI is establishing a foundation for blockchain-native portfolio construction that bypasses traditional brokerage constraints.
Particularly noteworthy is the institutional framework supporting this initiative. Janus Henderson, a
The potential market impact is substantial as this initiative could accelerate institutional adoption of blockchain-based financial products. By embedding S&P DJI's trusted indices directly into DeFi protocols, this collaboration could dramatically expand market access and establish onchain indices as a core category for institutional capital allocation in decentralized finance.
While still pending regulatory approval, this represents S&P DJI's most significant step into blockchain infrastructure beyond their existing cryptocurrency indices, potentially opening new revenue streams while broadening market accessibility for their benchmark products.
For 125 years and counting, S&P DJI's indices have provided a liquid foundation for increased adoption of index-based investing around the world. By licensing Centrifuge to provide exposure and bring the S&P 500 Index onchain, a blockchain-native investment vehicle will for the first time be built, governed, and accessed directly through Centrifuge's RWA infrastructure, rather than via traditional brokerages. Anemoy Capital, a web3 native asset manager powered by Centrifuge, has been licensed by S&P DJI along with Janus Henderson, a leading global asset manager, as the sub-advisor for the fund, to offer the Janus Henderson Anemoy S&P 500 Index Fund Segregated Portfolio, which is planned to launch later this year subject to regulatory approval.
"At S&P Dow Jones Indices, our mission is to bring trusted benchmarks to every investor, today and tomorrow. Today's announcement places The 500™ at the forefront of index tokenization and real-world asset integration and brings the innovation of decentralized infrastructure to the most iconic financial index in the world," said Cameron Drinkwater, Chief Product Officer at S&P Dow Jones Indices. "Our collaboration with Centrifuge enables investors to gain direct exposure to the S&P 500 Index –– within a blockchain ecosystem that supports liquidity, transparency and interoperability. The potential from here – real-time, programmable, automated and 24/7 indexed portfolio solutions - is incredibly exciting."
This collaboration combines S&P DJI's premiere S&P 500 Index and unmatched index data quality with Centrifuge's blockchain technology to create one of the first digital tokens that represents exposure to the S&P 500 Index. The digital tokens can then be owned, used and transferred through the blockchain, initially providing access to a broader range of market participants. In the future, by licensing S&P DJI's indices to be embedded directly into DeFi protocols, other tokenized assets and compliant digital investment platforms can provide equal market access and choice to blockchain-native investors and those without access to traditional investment products.
"Bringing the S&P 500 Index onchain is more than a technical milestone, it represents a shift in how institutional portfolios can be constructed and accessed. For the first time, the world's most trusted benchmark is available through open, transparent, and programmable infrastructure. At Centrifuge and Anemoy, our focus is to establish 'onchain indices,' as a core category of onchain asset allocation, bringing institutional-grade products to a decentralized financial system. We are proud to collaborate with S&P Dow Jones Indices and look forward to what this unlocks for the future of onchain finance," said Anil Sood, Chief Strategy and Growth Officer at Centrifuge and Co-Founder of Anemoy.
The introduction of tokenization further expands S&P DJI's existing portfolio of digital asset initiatives, which includes its cryptocurrency indices, ranging from single-coin indices to multi-asset solutions. S&P DJI's diverse offering is designed to provide choice for market participants looking to effectively navigate the growing DeFi and digital asset space.
For more information about S&P Dow Jones Indices, please visit https://www.spglobal.com/spdji/en/.
S&P Global's digital asset capabilities support transparency and informed decision-making at the intersection of decentralized innovation and traditional finance. To learn more about S&P Global's DeFi initiatives please click here.
For more information about Centrifuge, please visit https://centrifuge.io/.
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit https://www.spglobal.com/spdji/en/.
The S&P 500 Index is a product of S&P Dow Jones Indices LLC or its affiliates ("S&P DJI), and has been licensed for use by Anemoy Capital Ltd. ("Anemoy") and k-f dev AG ("Centrifuge"). S&P®, S&P 500®, SPX®, SPY®, US 500™, The 500™, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by Anemoy and Centrifuge. Funds based on the S&P 500 are not sponsored or sold by S&P DJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such products nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.
FOR MORE INFORMATION:
Silke Mcguinness
Global Head of Communications
(+1) 415 205 8414
silke.mcguinness@spglobal.com
Alyssa Augustyn
Americas Communications
(+1) 773 919 4732
alyssa.augustyn@spglobal.com
Asti Michou
EMEA Communications
+44 (0) 79 70 887 863
asti.michou@spglobal.com
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SOURCE S&P Dow Jones Indices