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.