Janus Henderson and Centrifuge Launch Tokenized Nasdaq-100 Fund

Janus Henderson and Centrifuge have launched JQQQ, a tokenized fund designed to track the Nasdaq-100 Index, bringing an issuer-managed equity product onto the Stellar blockchain. Janus Henderson issues and manages the fund, Centrifuge supplies the tokenization infrastructure, and Nasdaq licenses the index strategy, according to the product descriptions. JQQQ is aimed at eligible professional investors outside the United States. One report puts the minimum investment at $100,000. The fund offers indirect exposure to the index rather than ownership of its constituent stocks, and its access terms do not describe a retail offering. The fund is described as issued exclusively on Stellar at launch, with one account saying that arrangement is for now. Its shares could eventually be integrated into onchain wallets and financial applications or used as lending collateral, but those uses are potential applications, not services reported as available when the fund launched. The product follows an issuer-sponsored model: Janus Henderson creates and manages the fund, rather than an outside party issuing a token intended to track shares. Nasdaq’s license permits the fund to track its...