Unlike third-party stock tokens backed by custody shares or tracking instruments, JQQQ is designed for native onchain issuance, potentially enabling its shares to function in programmable portfolios and collateralized lending.

From the articleNasdaq-100 Enters Tokenized Fund Era With Janus Henderson JQQQAlso in Janus Henderson Launches Onchain Nasdaq-100 Fund With Centrifuge, Exclusively on Stellar - Unchained, Janus Henderson launches first Nasdaq-licensed tokenized fund