A Singapore-regulated cryptocurrency alternate, DigiFT, has introduced it is going to launch what it says is the primary index fund wherein the shares and underlying shares are tokenized and traded on-chain.
The platform, licensed by Singapore’s Financial Authority, is partnering with funding agency Hash World to debut two index funds: one monitoring prime synthetic intelligence (AI) shares and one other monitoring main crypto property, in accordance with a assertion.
The transfer, it says, replaces the normal infrastructure behind portfolio administration—brokers, banks, custodians—with good contracts and stablecoins. Buyers will subscribe to and redeem from the funds utilizing USDT or USDC and consider fund holdings in actual time on the blockchain.
“By bringing real-world equities absolutely on-chain, we take away inefficiencies, improve accessibility, and set a brand new normal for a way portfolios are structured, traded, and managed in a blockchain-native surroundings,” Henry Zhang, CEO of DigiFT, stated.
The factitious intelligence-focused DigiFT Hash World AI Index Fund will supply publicity to firms like Apple, Tesla, and Microsoft, tokenized to mirror their real-world inventory values. A second fund will observe main cryptocurrencies, together with bitcoin, ether and Solana.
The construction offers traders round the clock entry to the funds, better transparency, and elevated liquidity. Hash World referred to as tokenized equities “an important” real-world asset to convey on-chain.
The funds will solely be out there to accredited and institutional traders at launch.