Janus Henderson and Centrifuge have launched JQQQ, a fund that tracks the Nasdaq-100 and lives on a blockchain. Janus Henderson calls it the first blockchain-native fund licensed to track the index. It runs on Stellar.

The ticker is a deliberate nod to Invesco’s QQQ, the giant ETF that tracks the same index. The difference is plumbing. QQQ trades through brokers and clearing houses. JQQQ’s fund interests are issued on chain.

Ascend Markets and M1X Global say they have completed the first institutional repurchase agreement on the Stellar network, using USDM1 sovereign bond collateral. The transaction ran through 72 automated hourly renewals between October 16 and 19, covering overnight and weekend periods, before repayment and collateral return. Announced on October 23, it offers a specific example of institutional financing running outside conventional business hours.

The firms reported pricing of SOFR plus 10 basis points, an annualized rate of 3.98%, and a 2% collateral haircut. USDM1 is issued by the Republic of the Marshall Islands and backed one-to-one by short-duration US Treasury instruments. Ascend says the arrangement combined contractual repo documentation with smart-contract execution and controls for identity, permissions and compliance. The claimed first applies to an institutional repo on Stellar, rather than to blockchain repo transactions generally.