Janus Henderson brings the Nasdaq-100 onchain with JQQQ, a Nasdaq-licensed fund issued on Stellar

Published Tue, 27 Oct 2026 14:21:10 UTC · Updated Tue, 27 Oct 2026 19:25:00 UTC · Edited by Bizzle · AI-assisted

⚪Neutral for $XLMA large asset manager choosing Stellar adds to its tokenization business, but the fund is limited to professional non-U.S. investors and Cointelegraph notes past tokenization growth has not lifted XLM.News sentiment, not financial advice. It reflects the likely impact of this news, not a price prediction.

Summary

Asset manager Janus Henderson and tokenization platform Centrifuge launched JQQQ, a blockchain-based fund on Stellar that seeks to track the Nasdaq-100 Index under a licensing agreement with Nasdaq, CoinDesk and Cointelegraph reported.

CoinDesk called it the first Nasdaq-licensed tokenized fund and stressed it is issuer-sponsored: Janus Henderson issues and manages it, Centrifuge provides the blockchain infrastructure and Nasdaq licenses the index, unlike third-party stock tokens built without the underlying companies.

The fund gives indirect exposure to the index rather than ownership of the underlying stocks and is aimed at eligible professional investors outside the U.S., Cointelegraph said, citing The Wall Street Journal for a $100,000 minimum investment.

Janus Henderson said its onchain platform now holds more than $1 billion across Treasuries, structured credit and equities, according to both outlets.

Key facts

JQQQ is structured as a segregated portfolio of a British Virgin Islands investment company, Cointelegraph reported. (Cointelegraph)
It follows Janus Henderson's Anemoy S&P 500 Fund (SPXA), launched last year as the first tokenized index fund licensed by S&P Dow Jones Indices, CoinDesk said. (CoinDesk)
CoinDesk put Janus Henderson's assets under management at roughly $500 billion. (CoinDesk)
"Demand continues to grow for exposure to established, transparent benchmarks," said Sean Wasserman, Nasdaq's head of index product management, as quoted by CoinDesk. (CoinDesk)
Stellar ranks fourth among blockchains by distributed real-world asset value, with about $3.8 billion, behind Ethereum, BNB Chain and Solana, Cointelegraph said, citing RWA.xyz. (Cointelegraph)
Cointelegraph noted XLM is down about 16% this year despite the growth of tokenized assets on Stellar. (Cointelegraph)