Brief
$493B AUM asset manager. Two tokenized funds via Centrifuge: JTRSY (Janus Henderson Anemoy Treasury Fund, renamed from Anemoy LTF in Feb 2026; sub-advised by Tabula, a Janus Henderson subsidiary; S&P rated AAAf / S1+, Moody's Aa, Particula A+) and JAAA (AAA CLOs, ~$586M; rwa.xyz, Oct 16, 2026). Deployed on Ethereum, Base, Arbitrum, Celo, Avalanche. June 2026 multi-leg partnership with Ethena: USDe in treasury cash management, strategic ENA investment, exploring USDe distribution via exchange-traded instruments, and JAAA added as USDe reserve backing.
Primary sources
Checks cover the claims listed below. Other details may still need review.
- 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.
Recent activity
Latest moves on the changelog feed.
- Sep 2, 2026NEW
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.
- Mar 30, 2026NEW
Janus Henderson added. $493B AUM, JTRSY + JAAA via Centrifuge.
Snapshot
Key terms and identifiers.
- Asset classes
- Treasuries, Private credit
- Regulatory
- sec-reg-d, fca-sandbox
- Jurisdiction
- UKUS
Milestones
How this player got here.
- Sep 2026Announced SMT loyalty-reserve vaults with initial JTRSY and JAAA allocations
- Jun 2026Multi-leg partnership with Ethena. USDe in JH treasury cash management, strategic ENA investment, exploring USDe distribution via exchange-traded instruments, and JAAA added as USDe reserve backing.
- Mar 2026Janus Henderson added. $493B AUM, JTRSY + JAAA via Centrifuge.
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
