On March 25, the Singapore crypto trading platform DigiFT announced the launch of the world's first index fund that fully tokenizes fund shares and underlying stocks for on-chain trading, initially open only to qualified and institutional investors. DigiFT collaborated with the investment firm Hash Global to introduce two index funds: one tracking leading companies in the artificial intelligence (AI) field (such as Apple, Tesla, Microsoft), and another tracking mainstream crypto assets (such as Bitcoin, Ethereum, Solana). The fund will enable subscription and redemption through smart contracts and stablecoins, replacing the roles of traditional brokers, banks, and custodians, and achieving all-weather asset trading, on-chain transparent positions, and high liquidity.
DigiFT launches on-chain index fund, Apple, Tesla and other US stocks realize tokenized trading
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