Revolution on Wall Street: First tokenized S&P 500 fund launched!
On September 25, 2025, the first tokenized S&P 500 index fund, SPXA, was launched by Centrifuge and Janus Henderson to revolutionize on-chain investing.

Revolution on Wall Street: First tokenized S&P 500 fund launched!
On October 5, 2025, the first licensed tokenized S&P 500 index fund, SPXA, was officially launched by Centrifuge, Janus Henderson and S&P Dow Jones Indices. This innovative financial investment was announced on Thursday, September 25th and represents a significant step towards the integration of tokenization on Wall Street. This fund allows investors to access the S&P 500 Index, which is of particular interest to decentralized autonomous organizations (DAOs) and on-chain funds.
The SPXA Index tracks the S&P 500 and can be used on various DeFi platforms. Traders benefit from transparent inventories and the programmability made possible by decentralized financial protocols. Bhaji Illuminati, CEO of Centrifuge, emphasizes the central role of the S&P 500 to the global economy and the critical advantages that indices offer for on-chain investing.
Institutional support and legitimacy
Janus Henderson, a leading asset manager with $457 billion in assets under management, has assumed the role of sub-investment manager for the SPXA Fund. Nick Cherney, Head of Innovation at Janus Henderson, sees the SPXA fund as a significant step towards attracting new investors via blockchain strategies. S&P Dow Jones Indices gives the fund institutional legitimacy through its licensing.
Additionally, Cameron Drinkwater, Chief Product Officer at S&P Dow Jones Indices, highlighted the benefits of blockchain technology, particularly in terms of liquidity, transparency and interoperability. These properties are crucial for the attractiveness of tokenized investment products in an increasingly complex financial market.
Overall, the introduction of the SPXA fund shows that the tokenization of financial products is increasingly entering the mainstream of the financial markets. Collaboration between traditional financial institutions and blockchain technology could revolutionize the way investors access major indices.