New Blockchain Fund Lets Investors Track the Nasdaq-100 Digitally

A major investment firm just brought one of the stock market's most famous indexes onto the blockchain. Asset manager Janus Henderson (a company that invests money on behalf of clients) teamed up with Centrifuge (a company that turns real-world assets into digital tokens) to launch a new fund called JQQQ.

This fund tracks the Nasdaq-100 Index — a list of 100 of the largest non-financial companies listed on the Nasdaq stock exchange, including giants like Apple, Microsoft, and Nvidia. Instead of buying each stock directly, investors get exposure (a way to benefit from price movements) through digital tokens.

Key facts about the fund:

• Built on Stellar, a blockchain (a digital record-keeping network)
• Only available to non-US professional investors
• Minimum investment is $100,000
• It gives indirect exposure — you don't actually own the underlying stocks
• Structured as a company based in the British Virgin Islands

This is part of a bigger trend called tokenization — the process of representing real assets (like stocks, bonds, or funds) as digital tokens on a blockchain. Janus Henderson says its blockchain-based investment strategies now total more than $1 billion.

Why Stellar matters here: Stellar is becoming a popular home for tokenized assets. It currently ranks fourth among all blockchains for real-world assets, holding about $3.8 billion worth — behind Ethereum, BNB Chain, and Solana. Big names like Franklin Templeton and Ondo already use it.

Interestingly, even though Stellar's business is growing, its native cryptocurrency XLM has dropped about 16% this year, trading near $0.17.

In short: This launch is a sign that traditional finance and blockchain technology are blending together. More well-known investment products are moving onto digital networks, making it easier (for qualified investors) to access markets in new ways.

This is an AI-generated summary. Read the original article at: https://cointelegraph.com/news/janus-henderson-centrifuge-launch-tokenized-nasdaq-100-fund-on-stellar?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound