Blend Launches Permissionless Onchain ETF Baskets via The Index

The Index has launched Blend, a permissionless platform that enables anyone to deploy baskets of tokenized stocks as single ERC-20 tokens.

Baskets on Blend are tradable with USDG or ETH and redeemable for the underlying vault assets. This means users can buy or sell these tokens as if they were regular cryptocurrencies.

The protocol fees generated by Blend's platform will partly be directed to INDEX holders, linking their token value to the activity of the product.