Centrifuge and Janus Henderson Launch Tokenized S&P 500 Fund SPXA on Base

Asset tokenization platform Centrifuge launched SPXA, a licensed token tracking the S&P 500 Index, operating initially on the Layer-2 network Base ¹. Under the structure of the Janus Henderson Anemoy S&P 500 Fund, Anemoy acts as investment manager while Janus Henderson serves as sub-investment manager ¹. Institutional prime broker FalconX has entered as the anchor investor ¹.

Cross-chain protocol Wormhole serves as the exclusive multichain infrastructure provider to support future movement of the token across other networks ¹. Centrifuge is applying its Proof-of-Index technology alongside benchmark licensing from S&P Dow Jones Indices to run the onchain equity vehicle ¹. Janus Henderson, which managed approximately $457 billion in assets as of June 30, 2025, previously partnered with Centrifuge on tokenized fixed-income and treasury strategies, including the JTRSY and JAAA funds ¹.

Broadening Beyond Debt

The launch represents a deliberate transition for real-world asset (RWA) protocols away from short-term government debt and private credit toward mainstream equity market exposures ¹. Issuers are increasingly deploying vehicles anchored to equity and debt instruments—similar to moves like the Plume launch of an nBND vault backed by Fidelity's Total Bond ETF—as traditional asset managers expand distribution onchain ¹. Centrifuge CEO Bhaji Illuminati noted that index products offer liquid, collateral-ready assets that simplify equity management onchain compared to individual shares ¹.

While SPXA is currently accessible solely on Base, Centrifuge and Wormhole plan to extend deployment across other supported blockchains ¹. S&P Dow Jones Indices noted that the arrangement grants direct benchmark exposure within blockchain infrastructure without the index owner itself sponsoring or issuing the token ¹.