DigiFT launches on-chain index fund, Apple, Tesla and other US stocks realize tokenized trading
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Planet Daily News: Singapore crypto trading platform DigiFT announced that it will launch the world's first index fund with fully tokenized fund shares and underlying stocks for on-chain trading, initially open only to qualified and institutional investors. DigiFT collaborates with investment firm Hash Global to launch two index funds: one tracking leading companies in the artificial intelligence 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 24/7 asset trading, on-chain transparent positions, and high liquidity. (CoinDesk)
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