Janus Henderson JQQQ Tokenized Nasdaq-100 Fund Launches on Stellar with Centrifuge

On October 27, 2026, Janus Henderson and Centrifuge announced the launch of JQQQ, the first blockchain-native fund offering exposure to the Nasdaq-100 Index under an official Nasdaq license. The product runs natively on the Stellar blockchain through Centrifuge infrastructure and targets eligible non-U.S. professional and institutional investors.

Structure and Operational Details of Janus Henderson JQQQ

JQQQ is structured as a segregated portfolio within Anemoy Capital SPC Limited, a British Virgin Islands entity. Anemoy Asset Management Limited serves as investment manager while Janus Henderson Investors US LLC acts as sub-investment manager. The fund provides indirect economic exposure to the Nasdaq-100 Index constituents, including Nvidia, Apple and Microsoft, without granting ownership or voting rights in the underlying companies.

Minimum subscription stands at $100,000 payable in USDC. The offering remains closed to U.S. persons. At announcement, Centrifuge’s portal listed the fund as seeding soon, with no public start date for subscriptions or disclosed management fees. Janus Henderson manages approximately $500 billion in assets under management and now reports more than $1 billion across its onchain products in Treasuries, structured credit and equities.

The fund uses Centrifuge’s full-stack tokenization tools to issue and settle shares directly on Stellar. This approach differs from wrappers of existing exchange-traded products or synthetic tokens, as JQQQ originates and operates entirely onchain under the issuer’s sponsorship.

Context Within Stellar RWA Growth and Prior Janus Henderson Products

Stellar’s tokenized real-world asset market exceeded $4 billion in 2026, encompassing Treasuries, sovereign debt, money-market funds and private credit. The new equity benchmark product extends this ecosystem beyond fixed-income instruments. Janus Henderson previously issued tokenized Treasury products through the same BVI vehicle and Centrifuge setup, providing operational continuity for the Nasdaq-100 fund.

Nasdaq expanded index licensing in 2026, allowing additional managers to create benchmark-linked vehicles. Official statements from Janus Henderson’s Nick Cherney, Centrifuge’s Anil Sood, Stellar Development Foundation’s Denelle Dixon and Nasdaq’s Sean Wasserman highlighted the move as meeting institutional demand for onchain exposure to major equity benchmarks.

Future composability of JQQQ tokens as collateral depends on third-party integrations and is neither offered nor endorsed by Janus Henderson. No trading volume or assets under management figures were available at launch.

Investor Access and Market Implications

Subscriptions remain limited to qualifying professional investors outside the United States. The $100,000 minimum and USDC settlement align with existing onchain fund practices on Stellar. Institutions can track the fund’s development through Centrifuge’s portal for updates on seeding timelines.

The launch adds an equity component to Stellar’s growing roster of tokenized assets and demonstrates how traditional asset managers are extending licensed index exposure to blockchain-native formats. No performance data or exact fee schedule has been released yet.