DigiFT Launches First On-Chain Index Fund with Tokenized Stocks
DigiFT, a Singapore-regulated cryptocurrency exchange, plans to launch the first on-chain index fund with tokenized shares. The initiative is in collaboration with Hash Global and will feature two funds:
- An AI-focused fund tracking stocks like Apple, Tesla, and Microsoft.
- A fund tracking leading cryptocurrencies including bitcoin, ether, and Solana.
The platform aims to replace traditional portfolio management structures with smart contracts and stablecoins, allowing investors to subscribe and redeem using USDT or USDC. Fund holdings will be visible in real time on the blockchain.
Benefits include:
- 24/7 access to funds
- Enhanced transparency
- Improved liquidity
The funds will initially be available only to accredited and institutional investors.