What You Absolutely Need to Know:
- DigiFT, a cryptocurrency exchange based in Singapore, claims it’s launching the world’s first index fund with tokenized shares, all traded on-chain. Yes, you read that right.
- The funds are powered by smart contracts and stablecoins, which apparently eliminates the need for those ancient creatures called brokers and banks. Forget everything you thought you knew about finance.
- There will be two index funds: one that tracks top AI stocks (because robots are taking over) and another that tracks major crypto assets (because, why not?).
So here’s the deal: DigiFT, a cryptocurrency exchange that’s somehow been given the magical blessing of Singapore’s Monetary Authority, has decided that the old world of traditional finance is so last century. How? By launching the first index fund where stocks are not just bought and sold but are tokenized and traded on the blockchain. (Hold on to your hats, folks.)
Working in cahoots with investment firm Hash Global, DigiFT is ready to unveil not one, but two index funds. The first? A fund that tracks the giants of the AI world—Apple, Tesla, Microsoft—essentially the robots’ favorite stocks. The second? A fund for the cool kids of the crypto universe, including Bitcoin, Ether, and Solana. Fancy, right?
And because DigiFT is all about innovation, it’s tossing aside the old guard—those pesky brokers, banks, and custodians—and replacing them with fancy smart contracts and stablecoins. You’ll be able to subscribe to and redeem these funds with USDT or USDC, and see exactly what’s in your portfolio in real time on the blockchain. Like magic, but more digital.
Henry Zhang, CEO of DigiFT (who seems like he’s really onto something), put it like this: “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.” You know, no big deal. Just setting standards for the future of finance.
Of course, if you’re thinking this sounds too good to be true, it kind of is. At least for now. The funds will only be available to accredited and institutional investors at launch. Sorry, average Joe investor—you’ll have to sit this one out. But, hey, you can always watch from the sidelines while the big guys take the plunge into tokenized equity bliss.
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2025-03-24 22:57