Tokenization platform Centrifuge launched SPXA, a token that provides exposure to the S&P 500 through the Base blockchain, on March 30th. The asset was constructed under license from S&P Dow Jones Indices and is managed by Janus Henderson, the world’s largest institutional investor with approximately $500 billion under management.
This is the first S&P 500 token Participants outside the United States can also mint and redeem. It’s similar to how ETFs work in traditional markets.
Unlike tokenized products, which simply replicate assets without any further utility, deSPXA is designed to be natively integrated into the decentralized finance (DeFi) ecosystem.
Users will be able to operate their tokens on various platforms within the ecosystem. This includes using the token as collateral to request a loan on Morpho. It also allows for short trading (by operating it as a derivative) and allows the token to be incorporated into yield farming strategies.
The technical infrastructure runs on Centrifuge V3, real-time verifiable pricing is provided by Chronicle Labs, and future multi-chain expansion is provided by LayerZero.
The release of deSPXA is the first application of Centrifuge’s deRWA framework. Institutional assets can freely circulate within DeFi, Without losing regulatory compliance control at the time of publication.
This is not the first time Centrifuge has used the S&P 500. In September 2025, the platform launched SPXAthe first tokenized S&P 500 index fund officially licensed by S&P Dow Jones Indices.
Unlike SPXA, SPXA tokens are a version of the fund designed specifically for DeFi trading, making them freely transferable, wrapping institutional funds, and compatible with decentralized protocols.
Major companies continue to bet on tokenization
a launch takes place As the tokenized asset market acceleratesas of March 23, 2026, the value circulating on-chain has already reached $22.6 billion. Institutions such as BlackRock, Franklin Templeton and JP Morgan have already launched tokenized funds, and Standard Chartered predicts that the majority of financial transactions will eventually be settled on blockchain.
deSPXA Markets will be the first product with exposure to equity index funds that can be traded continuously 7 days a week without traditional market hours.
For now, deSPXA runs on Base, but Centrifuge has already confirmed expansion to other networks through LayerZero. This token is available only to users outside the United States and restricted jurisdictions.
(Tag translation) Cryptocurrency
