Janus Henderson Launches First Tokenized Fund Tied to Nasdaq-100
The fund uses blockchain technology to represent ownership of shares in an index fund.
Janus Henderson has launched its first tokenized fund, which licenses the Nasdaq-100 Index. This move marks a significant step in the traditional finance industry's exploration of blockchain technology for investment products.
The fund represents ownership of shares in an index fund using tokens on a blockchain. Nasdaq made its benchmark Big Tech index available for licensing to other money managers earlier this year, paving the way for such products.
While specific details about the blockchain platform and the fund's structure were not immediately available, tokenization generally involves converting assets into digital tokens on a distributed ledger. This process can potentially streamline the trading, settlement, and administration of funds.