Janus Henderson Launches Nasdaq-100 Tokenized Fund on Stellar

Janus Henderson and Centrifuge have launched JQQQ, a tokenized fund tracking the Nasdaq-100 Index on the Stellar blockchain. The fund is the first officially licensed tokenized product to track the index and is initially available to eligible professional investors outside the US, with a reported $100,000 minimum investment. It provides indirect exposure to the index, not direct ownership of its constituent stocks. The launch expands Janus Henderson’s blockchain-based fund offerings, which the firm says exceed $1 billion and include products accessed by about 200 crypto wallets. Stellar has around $3.8 billion in tokenized assets, ranking fourth among blockchains, according to RWA.xyz. Other institutional activity includes Aviva Investors’ tokenized share class on XRP Ledger and planned links between the Depository Trust & Clearing Corporation’s tokenization service and Stellar, with assets potentially available in the first half of 2027. Franklin Templeton and Animoca Brands are also pursuing tokenized-asset initiatives. JQQQ is not a direct crypto investment, so its immediate effect on crypto trading may be limited. The launch supports the longer-term institutional adoption of tokenized funds, though liquidity, regulation and interoperability remain challenges. Stellar’s XLM was reported down about 16% year to date and near $0.17, underscoring that growing RWA activity has not necessarily translated into near-term token-price gains.