At a glance
- The London-based manager, which runs roughly $500 billion, and Centrifuge announced the launch Tuesday.
- JQQQ uses an issuer-sponsored model: Janus Henderson issues and manages the fund.
- For advisors weighing onchain equity exposure, the structure decides what a client owns.
Janus Henderson launched JQQQ, a fund tracking the Nasdaq-100 Index on the Stellar blockchain, with Centrifuge providing blockchain infrastructure and Nasdaq licensing the index. The London-based manager, which runs roughly $500 billion, and Centrifuge announced the launch Tuesday.
JQQQ uses an issuer-sponsored model: Janus Henderson issues and manages the fund. Investors in third-party stock tokens don't necessarily own the underlying shares or receive shareholder rights, CoinDesk reported. Twenty-two companies have objected to plans for blockchain-based trading of their shares on the OKX-ICE venue, according to CoinDesk.
For advisors weighing onchain equity exposure, the structure decides what a client owns. A token issued this way represents shares in a fund Janus Henderson manages, while a third-party token may be a separate instrument that tracks a stock price. Establishing which one sits in an account, and what rights come with it, is the due diligence step.
JQQQ follows the Janus Henderson Anemoy S&P 500 Fund (SPXA), which CoinDesk described as the first tokenized index fund licensed by S&P Dow Jones Indices. Janus Henderson said its onchain investment platform now holds more than $1 billion across Treasuries, structured credit and equities, or about 0.2% of the roughly $500 billion the manager runs.
Beyond Treasuries and private credit
Reported by the Tokenization desk from CoinDesk — Policy & Institutions. Published . Corrections