Eligible non-US investors can access Janus Henderson's new Nasdaq-100 exposure by participating in the tokenized fund launched on the Stellar network via the Centrifuge protocol. The initiative, facilitated through the Anemoy liquidity pool, allows international participants to hold digital representations of the tech-heavy index. By utilizing Stellar's blockchain, Janus Henderson is able to offer 24/7 settlement and fractionalized ownership to institutional clients who meet specific regulatory compliance standards outside of the United States.
This launch marks a significant milestone in the 2026 push for Real-World Asset (RWA) tokenization, as Janus Henderson—a firm managing over $300 billion—scales its institutional digital asset footprint. The collaboration with Centrifuge leverages decentralized finance (DeFi) infrastructure to wrap traditional securities in a blockchain layer. While US investors remain excluded due to current SEC registration complexities for tokenized public equities, the move demonstrates a growing trend of global asset managers using 'on-chain' rails to distribute US-based financial products to the international market.
The choice of Stellar as the underlying ledger is strategic, given the network's long-standing focus on regulated financial institutions and cross-border payments. For the broader market, this integration signals that the barriers between traditional finance (TradFi) and DeFi are continuing to dissolve. The fund provides a template for how other major indices could be brought on-chain to meet the demands of a more digitally-integrated global investor base that prefers sub-second settlement over traditional T+2 cycles.
Market analysts should watch for the total value locked (TVL) growth within the Centrifuge ecosystem and the potential for Janus Henderson to expand these offerings to other jurisdictions as regulatory frameworks evolve. Furthermore, the success of this fund could trigger similar launches from competitors looking to tokenize the S&P 500 or specialized tech ETFs. As we move through 2026, the migration of institutional equity volume to public blockchains remains a key narrative for the growth of the Stellar ecosystem.