Global asset management firm Janus Henderson and real-world asset tokenization platform Centrifuge have launched JQQQ, a blockchain-based investment fund that tracks the Nasdaq-100 Index. The fund is designed to operate directly on public blockchain infrastructure and provides exposure to the index through an issuer-sponsored investment strategy.

Fund Structure and Management

JQQQ is managed by Janus Henderson, a global asset manager that oversees approximately $500 billion in assets. The firm was formed in 2017 through the merger of Janus Capital Group and Henderson Global Investors.

The fund is built on Centrifuge's infrastructure for on-chain investment products, and the Nasdaq-100 Index is licensed by Nasdaq. The benchmark index comprises 100 of the largest non-financial companies listed on the Nasdaq stock exchange.

JQQQ was designed to operate natively on-chain. This allows the fund to connect with digital financial applications and potentially be used as collateral in lending and other financial services. For on-chain users, this places exposure to a major U.S. equity benchmark alongside the lending protocols and financial applications already operating on public blockchains.

Exclusive Deployment on Stellar

The fund will be available exclusively on the Stellar network, a blockchain launched in 2014 that is maintained by the Stellar Development Foundation and supports the issuance and transfer of tokenized assets.

Stellar's real-world asset footprint has expanded considerably. In 2026, the value of real-world assets on Stellar exceeded $4 billion. The network's ecosystem includes tokenized U.S. Treasuries, government debt, money market funds, and other financial instruments. JQQQ broadens that lineup by adding a fund that tracks a major equity index.

The launch aligns with a broader industry shift in which established asset managers are distributing traditional investment products, such as index funds and money market instruments, through public blockchains. Centrifuge provides the tokenization infrastructure that connects such conventional instruments with on-chain financial applications, a model increasingly used for funds tracking major market benchmarks. With approximately $500 billion under management, Janus Henderson's involvement indicates how far this distribution model now extends into products built around mainstream benchmarks.

Because the fund is available exclusively on Stellar, a practical development to watch is whether integrations emerge that allow JQQQ to function as collateral within on-chain lending, the capability its native design contemplates.