Tokenized Finance Goes Mainstream: Janus Henderson, Ripple/BNY, S&P/Kalshi
Janus Henderson launches the first licensed tokenized Nasdaq-100 fund on Stellar, Ripple and BNY Mellon expand XRP custody and explore tokenized trade finance, and S&P Dow Jones partners with Kalshi to build prediction-market-powered indices.
What we know
Three significant tokenization and institutional market structure announcements landed in the same hour. @TheBlockCo reported Janus Henderson's JQQQ fund — the first licensed tokenized Nasdaq-100 tracker — built on Centrifuge technology on the Stellar blockchain, minimum $100K for non-US professional investors. @TheBlockCo reported Ripple and BNY Mellon are adding XRP and RLUSD to BNY's institutional custody platform and exploring tokenized trade finance on the XRP Ledger, including a supply chain finance initiative with C2FO. And an account on X reported S&P Dow Jones Indices and Kalshi are partnering to build indices powered by prediction markets — covering politics, AI job disruption, sports, economic indicators, and weather — potentially enabling new investable products. Also notable: Crypto.com and OG.com launched regulated US perpetuals with 5x leverage per @TheBlockCo.
Sources
“Janus Henderson launching first licensed tokenized fund tracking Nasdaq-100 Index on Stellar blockchain”
View post →“Ripple expands BNY partnership to add $XRP and $RLUSD to institutional custody, exploring tokenized trade finance”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.