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

The blockchain-based fund offers eligible non-US investors exposure to the Nasdaq-100 as Janus Henderson expands its institutional tokenization business. 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 said its institutional onchain strategies now exceed $1 billion. 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 US, according to the Wall Street Journal, which >reported 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. Related: US Bank tests proprietary stablecoin in cross-border Stellar transaction The Janus Henderson launch expands Stellar’s growing tokenization business. The Layer-1 blockchain currently >ranks fourth among blockchains by distributed real-world asset value, with approximately $3.8 billion in tokenized assets, behind Ethereum, BNB Chain and Solana, according to RWA.xyz. The network hosts tokenized assets from major issuers including Spiko, Franklin Templeton and Ondo. In July, tokenization platform Tradable announced plans to bring up to $1 billion in private credit assets to Stellar, with $500 million expected at launch. Stellar is also part of a planned expansion by the Depository Trust & Clearing Corporation (DTCC), which announced in May