Janus Henderson Launches Onchain Nasdaq-100 Fund With Centrifuge, Exclusively on Stellar
By Unchained
AI summary of the source article
Janus Henderson and Centrifuge have launched JQQQ, a fund tracking the Nasdaq-100 Index exclusively on the Stellar network. The fund is designed natively onchain and is not available to U.S. persons.
Why it matters
The partners stated that running on blockchain rails "could let its shares plug into other onchain applications, feed into programmable portfolios, and possibly serve as collateral for lending."
Key facts
- Janus Henderson and Centrifuge launched JQQQ, an issuer-sponsored fund tracking the Nasdaq-100 offered exclusively on the Stellar network.
- Centrifuge provides the technology to issue and operate the fund onchain, while Janus Henderson Investors US LLC acts as sub-investment manager.
- The fund is not available to U.S. persons, and Janus Henderson's onchain platform includes more than $1 billion across institutional strategies.
Source excerpt · Unchained
The fund, JQQQ, is issued directly on a public blockchain under a Nasdaq license and is closed to U.S. persons, but the announcement did not disclose a fee rate or minimum investment. The post Janus Henderson Launches Onchain Nasdaq-100 Fund With Centrifuge, Exclusively on Stellar appeared first on Unchained .