Janus Henderson And Centrifuge Launch Tokenized Nasdaq-100 Fund

Asset manager Janus Henderson and tokenization platform Centrifuge have launched a blockchain-based fund tracking the Nasdaq-100 Index on Stellar, offering eligible investors outside the United States exposure to the benchmark. Called JQQQ, the fund uses Centrifuge’s tokenization infrastructure and seeks to track the Nasdaq-100 under a licensing agreement with the exchange, according to a Tuesday announcement.

The launch expands Janus Henderson’s onchain investment offerings beyond US Treasurys and structured credit into equity-index exposure. The asset manager stated that its institutional onchain strategies now exceed $1 billion.

Fund Structure and Eligibility

JQQQ is structured as a segregated portfolio of a British Virgin Islands investment company and provides indirect exposure to the Nasdaq-100 rather than ownership of the underlying stocks. The fund targets eligible professional investors outside the United States, with the Wall Street Journal reporting a minimum investment of $100,000.

The launch follows Nasdaq’s decision in April to expand licensing of its Nasdaq-100 Index to additional asset managers, including BlackRock and State Street, while maintaining its longstanding partnership with Invesco, which operates the $499 billion market cap Invesco QQQ Trust exchange-traded fund.

Stellar Ecosystem Expansion

The Janus Henderson deployment expands Stellar’s growing tokenization footprint. The Layer-1 blockchain currently ranks fourth among blockchains by distributed real-world asset value, with approximately $3.8 billion in tokenized assets, trailing Ethereum, BNB Chain and Solana, according to RWA.xyz data.

The network hosts tokenized assets from major issuers including Spiko, Franklin Templeton and Ondo. Meanwhile, Stellar’s native token, XLM, has fallen about 16% year to date, trading near $0.17 according to CoinGecko data.

Key facts

• Janus Henderson and Centrifuge launched a tokenized Nasdaq-100 fund named JQQQ on the Stellar blockchain.
• The fund targets eligible non-US professional investors with a reported minimum investment of $100,000.
• Janus Henderson’s institutional onchain strategies now exceed $1 billion following the expansion beyond US Treasurys.
• Stellar ranks fourth among blockchains by distributed real-world asset value with approximately $3.8 billion in tokenized assets.