TL;DR
- DigiFT and Hash Global launch the first fully tokenized artificial intelligence stock index fund registered on the blockchain.
- Investors can access shares of tech firms and crypto assets through USDT and USDC, with greater transparency and without traditional intermediaries.
- The model stands out for its liquidity and automated operations using smart contracts.
DigiFT and Hash Global have launched the first fully tokenized artificial intelligence stock index fund registered on the blockchain.
This project allows institutional investors to access shares of leading technology companies like Apple, Tesla, NVIDIA, Microsoft, and Alphabet, along with some crypto assets, through USDT and USDC. The initiative aims to streamline asset management by eliminating reliance on intermediaries and reducing settlement times.
Advantages of the Tokenized Fund
The main innovation of this fund lies in the tokenization of both the underlying shares and the fund’s holdings. This strategy enables investors to access real-time information about the portfolio composition, improving transparency and reducing operational costs. By using smart contracts to manage operations, manual processes are eliminated, reducing the need for financial intermediaries. Additionally, global access without the need for traditional bank accounts facilitates the participation of international actors.
The proposed model also stands out for its liquidity. Tokenized shares can be continuously traded on an on-chain platform, with daily subscription and redemption requests and weekly settlements. This contrasts with traditional funds, whose trading hours are limited to conventional stock markets, and whose settlement processes often require several days. This ability to operate in a decentralized and automated environment opens new possibilities for both asset managers and institutional investors.
Regulatory Limitations
Hash Global also plans to offer another fund indexed to major crypto assets, demonstrating its intention to expand accessibility to tokenized assets on the blockchain. Additionally, the participation of Amber Premium, an institutional company listed on Nasdaq, is crucial to understanding the interest of the traditional financial sector in adopting blockchain-based solutions.
This model also poses regulatory limitations. Due to the combination of traditional securities with digital assets, increased scrutiny from financial authorities is expected. However, the success of similar initiatives, such as Franklin Templeton’s tokenized funds, suggests that this approach could establish itself as a valid and efficient alternative
