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.
Janus Henderson and tokenization platform Centrifuge have launched a blockchain-based fund called JQQQ, which tracks the Nasdaq-100 Index on the Stellar blockchain. This new offering aims to provide eligible non-US investors with exposure to the Nasdaq-100, expanding Janus Henderson's institutional tokenization business beyond its existing focus on US Treasurys and structured credit.
The fund is structured as a segregated portfolio of a British Virgin Islands investment company and targets professional investors outside the US, with a minimum investment of $100,000. This launch comes as part of a broader trend in the blockchain space, with Nasdaq recently expanding licensing of its Nasdaq-100 Index to other asset managers and Stellar continuing to grow its tokenization business, currently holding $3.8 billion in tokenized assets.
Brief written by urgent.news from Cointelegraph's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
