Janus Henderson launches first tokenized fund licensed to track the Nasdaq-100

The JQQQ fund runs on Stellar with Centrifuge technology and opens first to non-US professional investors Janus Henderson has launched the first tokenized fund licensed to replicate the Nasdaq-100 Index. It trades under the ticker JQQQ. The fund uses tokenization technology from Centrifuge and lives on the Stellar blockchain. For now, access is limited to eligible non-US professional investors with at least $100,000 to commit. The underlying exposure is the Nasdaq-100. That index tracks the 100 largest non-financial companies listed on the Nasdaq market. The key word in Janus Henderson’s pitch is “licensed.” Index providers control who can build official products around their benchmarks. Plenty of crypto projects have offered synthetic stock exposure over the years without that blessing. JQQQ has the paperwork.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Briefing.