Janus Henderson and Centrifuge Launch Nasdaq-100 Blockchain Fund on Stellar
Janus Henderson, an asset management firm, together with tokenization platform Centrifuge, has introduced a blockchain-based fund that tracks the Nasdaq-100 index using the Stellar network. This initiative opens up opportunities for qualified investors outside the United States to gain access to this prominent market benchmark.
The fund, named JQQQ, leverages Centrifuge’s tokenization technology and aims to replicate the movements of the Nasdaq-100 index under a licensing agreement with the exchange, as announced on Tuesday.
This launch marks an expansion of Janus Henderson’s on-chain investment products, moving beyond US government bonds and structured credit to include equity index exposure. The firm revealed that its institutional on-chain strategies have now surpassed $1 billion in assets.
JQQQ is structured as a separate portfolio within a British Virgin Islands investment company, offering indirect exposure to the Nasdaq-100 index without ownership rights to the individual stocks comprising it. According to coverage by the Wall Street Journal, the fund targets qualified professional investors outside the US with a minimum investment threshold of $100,000.
The timing of the launch follows Nasdaq’s April decision to broaden its Nasdaq-100 licensing to new asset managers like BlackRock and State Street, while maintaining its long-term alliance with Invesco, which manages the $499 billion Invesco QQQ Trust, a leading exchange-traded fund.
Janus Henderson’s debut fund adds momentum to Stellar’s growing presence in institutional tokenization. The Stellar blockchain, a layer-1 solution, ranks fourth globally by tokenized real-world asset value—approximately $3.8 billion—trailing behind Ethereum, BNB Chain, and Solana, based on data from RWA.xyz.
Stellar hosts tokenized assets from major companies such as Spiko, Franklin Templeton, and Ondo. In July, the tokenization platform Tradable revealed plans to transfer up to $1 billion in private credit assets onto Stellar, with about $500 million expected at launch.
Moreover, Stellar is involved in the Depository Trust & Clearing Corporation’s (DTCC) forthcoming expansion. In May, DTCC announced it would link its tokenization services to the Stellar network, with tokenized assets anticipated to launch in the first half of 2027, potentially including US Treasuries, major index ETFs, and stocks from the Russell 1000 index.
Despite the growth in tokenized assets on Stellar, its native cryptocurrency, XLM, has declined approximately 16% so far this year, trading around $0.17 as of Tuesday, according to CoinGecko.
why
This development highlights a key advancement in blockchain-based financial products, enabling broader access to major equity indices for international qualified investors, while underscoring Stellar’s expanding role in the institutional tokenization ecosystem.
Why it matters
This development highlights a key advancement in blockchain-based financial products, enabling broader access to major equity indices for international qualified investors, while underscoring Stellar’s expanding role in the institutional tokenization ecosystem.
Prepared from the source material with AI-assisted editing and checked against the supplied facts.
Open original source ↗