Janus Henderson puts the Nasdaq-100 on Stellar with JQQQ, a tokenized fund licensed by Nasdaq, with no size or investor terms disclosed

Asset manager Janus Henderson and tokenization firm Centrifuge launched JQQQ on Tuesday, a fund on the Stellar network designed to track the Nasdaq-100 index. CoinDesk described it as the first tokenized fund licensed to track that index, and Bitcoin.com said it runs under a licence from Nasdaq.

The structure is issuer-sponsored: Janus Henderson, a London-based manager overseeing roughly $500 billion, issues and manages the fund, while Centrifuge provides the infrastructure. Janus Henderson said its onchain platform now holds more than $1 billion across Treasuries, structured credit and equities. CoinDesk linked JQQQ to the manager's tokenized S&P 500 fund, SPXA, which launched last year.

Nasdaq's head of index product management, Sean Wasserman, said demand "continues to grow for exposure to established, transparent benchmarks," according to CoinDesk.

The reports leave out the details that decide who can use it. Neither gave the fund's size, fees, minimum investment or investor eligibility, and Bitcoin.com noted that real-world use depends on regulatory permissions, platform integrations and eligibility. Those terms are the next thing to watch.