Janus launches first tokenized fund tracking NASDAQ-100 Index

Summary

Janus has launched its first tokenized fund that licenses the Nasdaq-100 Index, marking a significant step in the tokenization of traditional financial products. This initiative aligns with a broader trend among Wall Street asset managers, who are increasingly integrating blockchain technology into their offerings by creating licensed tokenized products. Earlier this year, Nasdaq also opened licensing deals on its Nasdaq-100 Index to other money managers to enhance product innovation in the market.

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Analysis

Janus: Janus Henderson is a major global asset manager focused on delivering investment solutions across equities, fixed income, and multi-asset strategies. The firm has actively expanded into tokenized real-world assets through partnerships with blockchain platforms such as Centrifuge to enable on-chain delivery of traditional funds. In this development, Janus Henderson is launching and managing the first licensed tokenized fund tracking the Nasdaq-100 Index, using Centrifuge technology on the Stellar network for eligible professional investors. Nasdaq-100 Index: The Nasdaq-100 Index is a market-capitalization-weighted benchmark that tracks the performance of the 100 largest non-financial companies listed on the Nasdaq stock exchange. Nasdaq recently expanded licensing opportunities for the index to additional money managers beyond traditional ETF providers. This enables Janus Henderson to create and launch the first tokenized fund version that directly references the index performance. Index Access: Nasdaq opened licensing deals on its Nasdaq-100 Index to other money managers earlier this year to broaden product innovation. Tokenization Expansion: Wall Street asset managers are accelerating efforts to bring traditional benchmarks and funds onto blockchain networks through licensed tokenized products.

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