DigiFT launches on-chain index fund, enabling tokenized trading of US stocks such as Apple and Tesla

DigiFT, a Singapore-based crypto trading platform, has announced that it will launch the world's first index fund to fully tokenize fund shares and their underlying stocks and trade them on the chain, initially only open to accredited investors and institutional investors. DigiFT has partnered with investment house Hash Global to launch two index funds: one tracking leading companies in the field of artificial intelligence (such as Apple, Tesla, Microsoft), and the other tracking mainstream crypto assets (such as Bitcoin, Ethereum, Solana). The fund will enable subscription and redemption through smart contracts and stablecoins, replacing the roles of traditional brokers, banks and custodians, enabling 24/7 asset trading, transparent on-chain positions and high liquidity.