JAAA
ProductsActive· US

JAAA

AAA CLO tokenized via Centrifuge. Sky seeded heavily. Grove redeemed $327M in one day. Concentration risk made literal.

01 /

Brief

Janus Henderson AAA CLO ETF tokenized via Centrifuge. Institutional-grade structured credit brought onchain.

02 /

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
2026-05
Asset classes
Private credit
Token standards
erc-20, eip-4626
Regulatory
sec-reg-d
Jurisdiction
US
03 /

Milestones

How this player got here.

  1. 2026Grove deployed up to $250M on Avalanche into JAAA
  2. Jun 2025Grove launched with $1B allocation mandate to JAAA via Centrifuge
  3. Jan 2025Crossed $100M AUM
  4. 2025Exceeded $1B TVL, became #1 institutional alternative fund onchain
  5. Jan 2024Superstate JAAA fund launched
04 /

Connections

Who they build with, build on, integrate with.