March 29, 2025
11 11 11 AM
Latest Post
Where All the SEC Cases Are Bitcoin Plunges Below $84K after $115B Sell-Off Wipes Out Weekly Gains President Trump Pardons Arthur Hayes, 2 Other BitMEX Co-Founders FDIC Reverses U.S. Crypto Banking Policy That Demanded Prior Approvals CoreWeave Stock Debuts at $39 After Selling Shares for $40 A Piece Crypto Card Firm Baanx Partners With Circle for Rewards Wallet CoinDesk Weekly Recap: Stablecoins, Stablecoins, Stablecoins A Public Company Boasting Trump’s Sons on Advisory Board Is Buying BlackRock Bitcoin ETFs Strategy Holders Might be at Risk From Michael Saylor’s Financial Wizardry Crypto Bill to Combat Illicit Activity Gets New Push After Passing U.S. House in 2024

Apple, Tesla Among Stocks to Get Tokenized Via DigiFT’s New On-Chain Index Fund

A Singapore-regulated cryptocurrency exchange, DigiFT, has announced it will launch what it says is the first index fund in which the shares and underlying stocks are tokenized and traded on-chain.

The platform, licensed by Singapore’s Monetary Authority, is partnering with investment firm Hash Global to debut two index funds: one tracking top artificial intelligence (AI) stocks and another tracking leading crypto assets, according to a statement.

The move, it says, replaces the traditional infrastructure behind portfolio management—brokers, banks, custodians—with smart contracts and stablecoins. Investors will subscribe to and redeem from the funds using USDT or USDC and view fund holdings in real time on the blockchain.

“By bringing real-world equities fully on-chain, we remove inefficiencies, enhance accessibility, and set a new standard for how portfolios are structured, traded, and managed in a blockchain-native environment,” Henry Zhang, CEO of DigiFT, said.

The artificial intelligence-focused DigiFT Hash Global AI Index Fund will offer exposure to companies like Apple, Tesla, and Microsoft, tokenized to reflect their real-world stock values. A second fund will track major cryptocurrencies, including bitcoin, ether and Solana.

The structure gives investors round-the-clock access to the funds, greater transparency, and increased liquidity. Hash Global called tokenized equities “the most important” real-world asset to bring on-chain.

The funds will only be available to accredited and institutional investors at launch.

This post was originally published on this site