DigiFT launches on-chain index fund, Apple, Tesla and other US stocks realize tokenized trading

Odaily News DigiFT, a Singapore-based crypto trading platform, announced that it will launch the world's first index fund that fully tokenizes fund shares and their underlying stocks and trades them on-chain. Initially, it will only be open to qualified investors and institutional investors. DigiFT has partnered with investment firm Hash Global to launch two index funds: one that tracks leading companies in the field of artificial intelligence (such as Apple, Tesla, and Microsoft), and the other that tracks mainstream crypto assets (such as Bitcoin, Ethereum, and Solana). The fund will use smart contracts and stablecoins to enable subscription and redemption, replacing the roles of traditional brokerages, banks, and custodians, and enabling all-weather asset trading, transparent on-chain positions, and high liquidity. (CoinDesk)