Janus Henderson and Centrifuge have launched JQQQ, an issuer-sponsored fund operating on the Stellar blockchain that seeks exposure to the Nasdaq-100 index. Announced on October 27, 2026, the fund is structured as a segregated portfolio in the British Virgin Islands, with Anemoy Asset Management as investment manager and Janus Henderson Investors US as sub-investment manager. It is available only to eligible investors in permitted jurisdictions and is not offered to US persons, while its holdings do not grant direct rights to the underlying securities. A public blockchain could facilitate distribution, lending and use as collateral, but these functions will require third-party involvement and remain subject to applicable rules. Actual adoption must be assessed through subscriptions, approved distribution channels, custody arrangements and reliable redemption, particularly during periods of market stress.
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