Janus Henderson launches first Nasdaq-licensed tokenized fund
Summary
Janus Henderson and Centrifuge launched JQQQ, an issuer-managed fund tracking the Nasdaq-100 on the Stellar blockchain, with Nasdaq licensing the index. It expands Janus Henderson’s onchain offerings beyond Treasuries and credit into equities; the firm says its platform holds more than $1 billion in assets. The launch also underscores a dispute over tokenized stocks: issuer-sponsored funds differ from third-party tokens that may not confer ownership or shareholder rights. Tokenized funds could potentially be used as collateral or across blockchain finance applications, subject to regulation and platform support.
