For advisors and their purchasers, on-chain merchandise supply easy, diversified, accessible publicity to a few of the most vital themes in digital property. For now, many of those themes (like DeFi, the Metaverse, crypto, or liquid staking) usually are not extensively obtainable off-chain. Moreover, these merchandise can be found to beforehand underserved constituencies globally (besides in jurisdictions that impose restrictions on such merchandise). And whereas it’s typically attainable for customers to copy the fundamental methods of our tokens independently, doing so would imply quite a few transactions, related transaction charges and typically burdensome tax reporting necessities relying on the place they reside. With index tokens and on-chain structured merchandise, customers achieve entry to essentially the most important property in a given theme with one buy of 1 token. Customers can redeem the index token with the underlying constituents at any time, and like most digital property, index tokens might be traded permissionlessly 24/7.