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

Revolution on Wall Street: First Token S&P 500 Fund started!
On October 5, 2025, the first licensed tokenized S&P 500 Index Fund, SPXA, by Centrifuge, Janus Henderson and S&P Dow Jones Indices was officially presented. This innovative financial system was announced on Thursday, September 25th and is a significant step towards the integration of tokenization on Wall Street. With this fund, investors can access the S&P 500 Index, which is particularly interested in decentralized autonomous organizations (DAOS) and on-chain funds.
The SPXA Index follows the S&P 500 and can be used on various defi platforms. Traders benefit from transparent stocks and programming, which is made possible by decentralized financial protocols. Bhaji Illuminati, CEO of Centrifuge, emphasizes the central role of the S&P 500 for the global economy and the crucial advantages that indices for on-chain investments offer.
Institutional support and legitimacy
Janus Henderson, a leading asset manager with a managed assets of $ 457 billion, has taken over the function of the sub-investment manager for the SPXA fund. Nick Cherney, Head of Innovation at Janus Henderson, sees the SPXA fund a significant step towards opening up new investors about blockchain strategies. S&P Dow Jones Indices gives the fund institutional legitimacy through its licensing.
In addition, Cameron Drinkwater, Chief Product Officer at S&P Dow Jones Indices, highlighted the advantages of blockchain technology, in particular with regard to 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 increasingly penetrates into the mainstream of the financial markets. Cooperation between traditional financial institutions and blockchain technology could revolutionize the way investors access important indices.