Janus Henderson and Centrifuge have launched JQQQ, a native onchain fund tracking the Nasdaq-100 Index exclusively on the Stellar blockchain. Designed for non-U.S. investors with a $100,000 minimum investment, JQQQ represents a licensed, issuer-sponsored model that sets itself apart from third-party stock tokens. The launch pushes Janus Henderson's tokenized strategy platform past $1 billion while expanding Stellar's $4 billion real-world asset ecosystem.
JQQQ launch and fund details
- ▪The JQQQ fund is closed to U.S. persons and targets eligible professional investors outside the United States with a $100,000 minimum investment.
- ▪JQQQ operates as a segregated portfolio of Anemoy Capital SPC Limited in the British Virgin Islands, with Anemoy Asset Management Limited as manager and Janus Henderson Investors US LLC as sub-investment manager.
- ▪JQQQ represents an issuer-sponsored model where Janus Henderson manages the fund, Centrifuge supplies blockchain infrastructure, and Nasdaq officially licenses the underlying index.
- ▪Janus Henderson and Centrifuge launched JQQQ, an issuer-sponsored, blockchain-native fund that tracks the Nasdaq-100 Index on the Stellar network
Onchain collateral and lending
- ▪Unlike third-party stock tokens backed by custody shares or tracking instruments, JQQQ is designed for native onchain issuance, potentially enabling its shares to function in programmable portfolios and collateralized lending.
- ▪Legal notes for JQQQ state that any collateral or lending uses are provided by independent third parties and are not offered, facilitated, or endorsed by Janus Henderson.
Janus Henderson onchain platform
- ▪Janus Henderson head of innovation Nick Cherney stated that the asset manager ranks among the top five global providers of tokenized funds.
- ▪The launch of JQQQ expands Janus Henderson's institutional onchain tokenization platform past $1 billion in strategies across U.S. Treasuries, structured credit, and public equities.
Tokenized S&P 500 index fund
- ▪The Janus Henderson Anemoy S&P 500 Fund was the first tokenized index fund licensed by S&P Dow Jones Indices.
- ▪In September, Janus Henderson and Centrifuge previously partnered to launch the Janus Henderson Anemoy S&P 500 Fund (SPXA) on Coinbase's Base network.
Stellar tokenization ecosystem
- ▪Stellar hosts tokenized real-world assets valued between $3.8 billion and over $4 billion in 2026, hosting issuers such as Franklin Templeton, Ondo, and Spiko.
- ▪The Depository Trust & Clearing Corporation (DTCC) announced plans in May 2026 to connect its tokenization service to Stellar, with rollout expected in the first half of 2027.
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