Janus Henderson and Centrifuge launched JQQQ on October 27, 2026, as the first blockchain-native fund with an official Nasdaq license that tracks the Nasdaq-100 Index directly on the Stellar blockchain.
The product is structured as a segregated portfolio of Anemoy Capital SPC Limited in the British Virgin Islands. Anemoy Asset Management Limited serves as investment manager and Janus Henderson Investors US LLC acts as sub-investment manager.
Tokenized Nasdaq-100 Fund Structure and Access Rules
JQQQ delivers indirect economic exposure to the 100 largest non-financial companies listed on Nasdaq. It does not grant ownership stakes or voting rights in the underlying index constituents. Investors subscribe in USDC with a reported minimum of $100,000, and participation remains limited to eligible non-U.S. professional and institutional investors in permitted jurisdictions.
Centrifuge supplies the tokenization infrastructure for issuance and record-keeping. The fund operates exclusively on Stellar, a network where real-world asset tokenization volumes surpassed $4 billion during 2026. Janus Henderson reports its broader onchain platform, which already includes tokenized Treasuries and structured credit, now exceeds $1 billion in assets.
Official materials highlight onchain composability, allowing third parties to use the tokens as collateral or integrate them into DeFi protocols. Fees are positioned as competitive with traditional index products, and the structure moves beyond simple wrappers of existing funds.
Background and Next Steps for Institutional Investors
The launch follows Nasdaq’s 2026 expansion of index licensing for onchain products and builds on Janus Henderson’s earlier tokenized Treasury fund, JTRSY, issued on the same vehicle and infrastructure. Nasdaq licenses the index for reference purposes only and does not issue, endorse, sell, or promote the fund.
Janus Henderson manages approximately $500 billion in total assets under management. The new tokenized Nasdaq-100 fund extends the firm’s equity offerings into the onchain environment while maintaining regulatory separation from U.S. retail channels. Centrifuge’s portal currently lists the product as seeding soon, with no public date for subscription opening or initial AUM figures disclosed.
Market participants can expect subscription details, first AUM reports, and announcements of third-party integrations for collateral use in the coming months. Additional tokenized equity index products from the same platform remain under consideration as demand for licensed onchain exposure grows among non-U.S. institutions.
Frequently asked questions
Who can invest in the JQQQ tokenized Nasdaq-100 fund?
Access is restricted to eligible non-U.S. professional and institutional investors in permitted jurisdictions. U.S. persons are excluded, and the minimum subscription stands at $100,000 in USDC.
How does JQQQ track the Nasdaq-100 Index?
The fund provides indirect economic exposure through a licensed index without conferring ownership or shareholder rights in the constituent companies.
What blockchain and infrastructure support the tokenized fund?
Centrifuge supplies the tokenization stack, and the product launches exclusively on Stellar where tokenized real-world asset volumes exceeded $4 billion in 2026.
When will subscriptions open for JQQQ?
The Centrifuge portal lists the fund as seeding soon. No exact opening date or current AUM figures have been released in the October 27 announcement.
By YasTech Editorial
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