TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Wall Street darlings Nvidia, Apple to go live on-chain through DigiFT tokenized fund

  • Real-world asset exchange DigiFT plans to launch an on-chain fund for major US stocks.
  • The fund aims to provide exposure to the top 10 AI-related stocks, including Nvidia, Apple, Microsoft, Tesla and Alphabet.
  • DigiFT claims investors can subscribe to the fund using stablecoins, eliminating traditional banking hurdles.
Wall Street darlings Nvidia, Apple to go live on-chain through DigiFT tokenized fund
Michael EbiekutanMichael EbiekutanFXStreet

Real-world assets exchange DigiFT announced on Monday its plans to launch a new tokenized fund, the DigiFT Hash Global AI Index Fund. The on-chain product will offer exposure to the top 10 AI-related US stocks, including Nvidia (NVDA), Microsoft (MSFT), Tesla (TSLA), Alphabet (GOOGL) and Apple (AAPL).

Wall Street stocks set to debut in the crypto market

Wall Street stocks are on the verge of entering the tokenized fund market following a press release by DigiFT that it has partnered with Web3 Venture firm Hash Global to launch the DigiFT Hash Global AI Index Fund.

The fund will offer exposure to the price of the top 10 AI-related stocks in the US, including Nvidia, Apple, Microsoft, Tesla and Alphabet.

DigiFT claims it will tokenize not just fund shares but also the underlying company stocks, while Hash Global will act as the fund manager for the new tokenized stocks.

“Tokenizing the underlying assets — not just fund shares — fundamentally transforms how asset management operates, creating unprecedented liquidity, transparency, and accessibility for institutional investors,” said Henry Zhang, Founder & Chief Executive Officer of DigiFT.

The company also claims investors can subscribe to the tokenized fund using stablecoin payments, removing the need for traditional banking services.

Additionally, DigiFT stated that alongside the AI-related US stocks, Hash Global will launch the DigiFT Hash Global Web3 Index Fund. The fund will offer exposure to the top 10 crypto assets, including Bitcoin, Ethereum and Solana.

Most asset managers have also begun launching their own tokenized funds. Franklin Templeton holds the oldest fund, the Franklin Onchain US Government Money Fund (FOBXX).

Asset manager BlackRock, in partnership with Securitze, launched the BlackRock USD Institutional Digital Liquidity (BUIDL) Fund in 2024, which currently holds a market cap of $1.6 billion.

Furthermore, Fidelity Investments filed on Friday to register a tokenized version of its US Dollar money market with the Securities and Exchange Commission (SEC). The company aims to issue a Blockchain-based version of its Fidelity Treasury Digital Fund (FYHXX), using blockchains as transfer agents.

Related news

Author

Michael Ebiekutan

With a deep passion for web3 technology, he's collaborated with industry-leading brands like Mara, ITAK, and FXStreet in delivering groundbreaking reports on web3's transformative potential across diverse sectors. In addition to

More from Michael Ebiekutan
Share:

Editor's Picks

Ripple and Stellar outlook: XRP rally cools, XLM heads toward a make-or-break support

Ripple and Stellar outlook: XRP rally cools, XLM heads toward a make-or-break support

Ripple and Stellar trade under pressure after losing over 2% and 3% so far this week. XRP and XLM are both nearing their crucial support zones, which could determine the next directional move. Meanwhile, mixed derivatives and on-chain data suggest upside potential remains limited for both altcoins. CryptoQuant’s summary data shows cautious signs for both altcoins.

Crypto Overview: Bitcoin dips below $78,000 – NEAR, ZEC sustain gains

Crypto Overview: Bitcoin dips below $78,000 – NEAR, ZEC sustain gains

Bitcoin trades below $78,000 maintaining a near-term corrective tone amid hawkish macroeconomic factors. US bond market shrugs off the US Treasury's increase in buyback operations to $6 billion in long-term debt as yields continue to rise, signaling an insufficient step amid the ongoing war with Iran.

Bitcoin outperforms global assets as $83K-$86K resistance zone continues to weigh on rally

Bitcoin outperforms global assets as $83K-$86K resistance zone continues to weigh on rally

Bitcoin has continued to recover from its mid-year weakness, outperforming major traditional assets over the past month, amid strong resistance around the $83,000 to $86,000 range. BTC gained 23% over the past 21 trading sessions, while the S&P 500 and Nasdaq 100 were broadly flat and the Euro Stoxx 50 declined, according to a Glassnode report published Wednesday.

Ethereum Price Forecast: ETH holds near $2,500 amid derivatives weakness

Ethereum Price Forecast: ETH holds near $2,500 amid derivatives weakness

Ethereum (ETH) holds steady near $2,500 on Wednesday amid weakness in derivatives and mild buying dominance in spot markets. Since the short squeeze that expanded ETH's rally toward $2,500 in late August, meaningful leverage has yet to return to support the uptrend.
Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.