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Brief
Janus Henderson AAA CLO ETF tokenized via Centrifuge. Institutional-grade structured credit brought onchain.
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Primary sources
Checks cover the claims listed below. Other details may still need review.
- Symbiotic: Liquid Lane integration with Centrifuge funds (opens in a new tab)
Checked
- August 19 Liquid Lane integration: immediate holder liquidity, separate underlying redemption.
- SMT: loyalty reserve vaults (opens in a new tab)
Checked
- Janus Henderson, SmartMedia Technologies and Centrifuge announced onchain vaults for loyalty-program reserves. Janus Henderson will manage designated reserves, initially allocating across JTRSY and JAAA.
- Centrifuge: Kraken qualified custody for JAAA (opens in a new tab)
Checked
- Kraken Institutional added Centrifuge's JAAA to qualified custody. Institutional holders can earn the fund return and use their positions across borrowing, trading and treasury workflows within the custody relationship.
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Snapshot
Key terms and identifiers.
- Asset value
- $402M
- Fee
- 0.40%
- Custodian
- StoneX / Circle
- Min investment
- Not publicly disclosed
- Structure
- BVI fund (Securities and Investment Business Act)
- Chains
- Ethereum, Avalanche, BNB Chain, Arbitrum, Base
- NAV frequency
- Daily (T+3 settlement)
- Investor type
- Non-US professional investors
- Spec type
- fund
- As of
- 2026-06
- Asset classes
- Private credit
- Token standards
- erc-20, eip-4626
- Regulatory
- sec-reg-d
- Jurisdiction
- US
- Analytics
- app.rwa.xyz/assets/JAAA
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Milestones
How this player got here.
- Sep 2026Announced SMT loyalty-reserve vaults with initial JTRSY and JAAA allocations
- Aug 2026Liquid Lane integrated with Centrifuge funds for eligible-holder USDC liquidity
- Jun 2026Kraken Institutional added JAAA to qualified custody
- 2026Grove deployed up to $250M on Avalanche into JAAA
- Jun 2025Grove launched with $1B allocation mandate to JAAA via Centrifuge
- Jan 2025Crossed $100M AUM
- 2025Exceeded $1B TVL, became #1 institutional alternative fund onchain
- Jan 2024Superstate JAAA fund launched
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Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
