DigiFT Launches First Tokenized On-Chain Index Fund Featuring Major AI Stocks

DigiFT, a Singapore-regulated cryptocurrency exchange, is set to launch the DigiFT Hash Global AI Index Fund, which will be the first fully tokenized on-chain index fund featuring stocks from major companies including Apple, Microsoft, Nvidia, Tesla, and Alphabet. This innovative fund will allow institutional investors to manage their portfolios without traditional banking hurdles, using stablecoins like USDT and USDC for transactions. By tokenizing both the fund shares and the underlying assets, DigiFT aims to enhance liquidity, transparency, and accessibility in asset management, facilitated through automated smart contracts. The fund will provide real-time views of holdings on the blockchain, enabling investors to verify their investments directly. The launch represents a significant shift towards digital asset management, appealing to both Web3 and traditional finance sectors. DigiFT's initiative may set a precedent for future tokenization of real-world assets in financial markets.