A fascinating development just dropped in the tokenized assets space. There's a new product called Lore MAG-7 that's essentially bringing the Magnificent 7 stocks concept fully onchain.

For those unfamiliar, the Magnificent 7 refers to the tech giants that have dominated market performance recently. What makes this interesting is the execution - instead of traditional ETF structures with custodians and intermediaries, this operates entirely through smart contracts.

The basket approach mirrors what you'd see in conventional index products, but the settlement, rebalancing, and ownership all happen natively on blockchain infrastructure. It's another example of how DeFi continues blurring lines between traditional finance and crypto-native products.

Whether this gains traction remains to be seen, but the tokenization of real-world assets keeps expanding its scope. The technology allows for 24/7 trading, fractional ownership, and programmable features that legacy systems can't easily replicate.