what's deSPXA?
deSPXA is a decentralized token providing tokenized exposure to the S&P 500 index fund onchain. It tracks the Janus Henderson Investors S&P 500 Index Fund and is officially licensed by S&P Dow Jones Indices. Built by the Centrifuge protocol on the Base network, deSPXA is designed for full DeFi composability. Users can freely trade it on DEXes, borrow against it, short it via perps, or deploy it in yield strategies and lending protocols without restrictions typical of prior tokenized funds.[[2]](https://docs.centrifuge.io/developer/protocol/deployments)
deSPXA, a tokenized S&P 500 fund on Base, integrates Euler for collateral and Morpho for yield.
Integrated with Euler Finance as collateral on Base, enabling users to borrow against, hedge, or express directional opinions.
Integrated with Morpho protocol to enable deSPXA token holders to earn yield by supplying their tokenized S&P 500 exposure to Morpho vaults, with liquidity provided by Steakhouse Finance-curated stablecoin vaults.
Launched on Base 2026-03-30 as a tokenized S&P 500 Index Fund managed by JHI Advisors under license from S&P Dow Jones Indices, enabling 24/7 trading of S&P 500 exposure and integrating with Chronicle Labs for continuous onchain pricing data.