Janus Henderson puts the Nasdaq-100 onchain with new tokenized fund

What's the deal? Janus Henderson Investors and tokenization firm Centrifuge have launched JQQQ, the first blockchain-native fund to track the Nasdaq-100 Index under license from Nasdaq. The fund is issued on the Stellar network using Centrifuge's infrastructure and managed by Janus Henderson, which holds roughly half a trillion dollars in assets under management.

Who can buy in? JQQQ is open only to eligible non-US professional investors, with a reported minimum investment of $100,000. The firm has not disclosed assets under management or trading volume.

What's the endgame? Rather than mirror existing securities on blockchain rails, the fund is built natively onchain. That design lets fund shares plug into digital financial applications and potentially serve as collateral across onchain markets.

Why now? Nasdaq expanded its index licensing earlier in 2026, opening the door to products like JQQQ. The launch extends Janus Henderson's onchain platform, which it says now holds more than $1 billion in institutional strategies across US Treasuries, structured credit, and public equities.

"Tokenization becomes much more powerful when the assets investors want to own can also become building blocks for an onchain financial system," said Anil Sood, chief strategy and growth officer at Centrifuge.

What could go wrong? With no AUM or trading volume disclosed and access restricted to professional investors outside the US, the launch signals product expansion rather than proven demand or scale.

The signal: JQQQ follows a tokenized S&P 500 product from the same partners, marking a push to put mainstream equity benchmarks onchain. It is an early licensed, issuer-sponsored route to a major equity index on blockchain rails — a test of whether institutional investors will trade familiar indices through new infrastructure.

Read more: markets.financialcontent.com

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