Janus Henderson, Centrifuge launch tokenized Nasdaq-100 fund on Stellar

What happened

Janus Henderson and Centrifuge launched JQQQ, a blockchain-based fund on Stellar that tracks the Nasdaq-100 for eligible investors outside the United States. It uses Centrifuge tokenization infrastructure under a Nasdaq licensing agreement, with a reported $100,000 minimum investment.

Confirmed

Global impact / market context

The fund lets non-US professional investors gain Nasdaq-100 exposure through a tokenized structure without buying the underlying stocks. That could draw new money into Janus Henderson's onchain strategies, which now exceed $1 billion, and expand Stellar's tokenization business.

Analyst inference

Nasdaq expanded index licensing in April to more asset managers, including BlackRock and State Street, while keeping its Invesco partnership for the QQQ Trust. Tokenized funds are moving beyond US Treasurys and structured credit into equity indexes, intensifying competition for onchain investment products.

Analyst inference

What to watch

1. JQQQ targets eligible professional investors outside the US, with a reported $100,000 minimum, so adoption depends on demand from that restricted group rather than retail buyers. Confirmed
2. Watch whether Janus Henderson adds more equity-index products onchain, since it said the launch expands its offerings beyond US Treasurys and structured credit into equity-index exposure. Proposed
3. Track Stellar's tokenization growth, because this fund adds to its institutional footprint and may attract rival asset managers seeking similar blockchain-based fund distribution. Analyst inference

Evidence

• cointelegraph.com