# Janus Henderson Brings the Nasdaq-100 Onchain With JQQQ

> The new fund adds stock-market exposure to a growing range of investments available through blockchain networks.

By Eric Spivak · October 27, 2026

Canonical: https://blockster.com/janus-henderson-brings-the-nasdaq-100-onchain-with-jqqq

A crypto wallet can hold more than crypto. Increasingly, it can also hold investments tied to familiar financial markets.

[Janus Henderson](https://www.janushenderson.com/) is launching JQQQ, a licensed fund that tracks the Nasdaq-100 using [Centrifuge](https://centrifuge.io/) technology on [Stellar](https://stellar.org/), according to [The Wall Street Journal](https://www.wsj.com/finance/investing/janus-launches-first-tokenized-fund-licensing-the-nasdaq-100-index-5af1cf65). It will initially be available to eligible professional investors outside the U.S., with a **$100,000 minimum investment**.

The bigger story is the growing choice of investments available through blockchain networks. Digital dollars, government debt, corporate credit and stock-market funds are starting to share the same financial infrastructure.

## What Does That Actually Mean?

The [Nasdaq-100](https://www.nasdaq.com/newsroom/nasdaq100-index-methodology-update-why-now) follows 100 of the largest nonfinancial companies listed on Nasdaq. Instead of picking individual stocks, an investor can use a fund that aims to follow the performance of that group.

Tokenization gives a fund investment a digital form that can be recorded and transferred on a blockchain. Think of it as changing how the investment is held and moved—not changing what makes it rise or fall in value.

The appeal is easier to see from the investor’s side. Someone already managing assets through a digital wallet may want stock-market exposure alongside their other holdings. Tokenized funds give asset managers a way to reach that audience.

Access still depends on the product’s rules. Having a wallet does not automatically make someone eligible to invest.

## More Than a Place to Hold Crypto

Stellar has already been adding other kinds of investments. An earlier [Centrifuge partnership announcement](https://stellar.org/press/centrifuge-brings-derwa-to-stellar-launching-with-usd20m-into-dejtrsy-and-dejaaa) set out plans for Janus Henderson Treasury and AAA-rated credit strategies, backed by a $20 million anchor investment.

On October 15, Stellar highlighted another addition: HYB and deHYB, which bring a New York Life Investment Management high-yield corporate bond strategy onto the network.

[Post from @StellarOrg on X](https://twitter.com/StellarOrg/status/2110788418699718701)

Stellar’s October 15 update on a separate corporate bond offering.

These products serve different needs. Government debt can appeal to investors looking for relatively steady income. Corporate bonds offer exposure to business borrowing. Stock funds let investors participate in companies’ growth, while taking on the risk that share prices fall.

Putting more of those choices on the same network could make digital wallets more useful for managing a portfolio. The opportunity grows as investors have more reasons to keep using them.

## The Work Behind the Scenes

Making that experience feel simple takes work. A fund manager still needs to know who owns its shares, who is allowed to buy them and what happens when someone sells.

That helps explain Centrifuge’s [October 26 expansion of its digital transfer agency business](https://centrifuge.io/blog/digital-transfer-agency). A transfer agent helps maintain ownership records and process changes. Centrifuge wants to connect that work more closely with wallets and other financial services.

CEO Bhaji Illuminati described where the company sees this heading:

> “Every share issued onchain can anchor a network of apps, markets and AI agents”
>
> — Bhaji Illuminati, CEO, [Centrifuge](https://centrifuge.io/blog/digital-transfer-agency)

In practical terms, the ambition is for an investment to become useful in more places. A supported fund holding could eventually connect to a lending service or an app that helps manage a portfolio. Each use would require the right permissions and integrations.

That is why the details behind a token matter. As Blockster’s [guide to tokenized stocks](https://blockster.com/tokenized-stocks-explained-ownership-fees-risks) explains, investors need to understand what they own, how they can sell it and which rights come with it.

[Post from @centrifuge on X](https://twitter.com/centrifuge/status/2114755139760488524)

Centrifuge’s October 26 announcement on connecting fund ownership and investor services.

## A Bigger Investment Menu

Blockster has also covered [JPMorgan and BNY using tokenized cash and Treasuries in financing transactions](https://blockster.com/jpmorgan-bny-tokenized-cash-treasury-financing). These developments show how familiar financial activities are finding new uses for blockchain.

For investors, the promise is straightforward: more choice and fewer disconnected steps between holding money, investing it and putting those investments to work. Delivering that experience is what could make onchain finance part of everyday investing.