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.
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 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.