Symbiotic’s Liquid Lane gives eligible holders immediate USDC liquidity across three Centrifuge funds managed by Janus Henderson and NYLIM. Centrifuge has added Symbiotic’s liquidity network across three tokenized funds that represent about $1.6 billion in assets under management, giving eligible holders another route to exchange their positions for USDC. The integration covers Janus Henderson’s JAAA, an AAA-rated collateralized loan obligation strategy, JTRSY, a short-duration US Treasury strategy and New York Life Investment Management’s HYB, a US high-yield corporate bond strategy. Symbiotic’s Liquid Lane uses an onchain request-for-quote (RFQ) marketplace where market makers can tap liquidity from vaults to fill redemption requests. Market makers can then redeem the acquired fund tokens through the issuer or sell them through another RFQ transaction. Read more
The move expands DeFi institutional assets to include Wall Street heavy hitters. Centrifuge is bringing tokenized Treasurys, AAA-rated CLOs and private credit to the Monad blockchain, making for the first availability of institutional-grade assets on the network. According to an announcement shared with Cointelegraph, the integration includes tokenized products from Janus Henderson and Apollo Global Management, including JTRSY, JAAA and ACRDX, with investors holding onchain fund shares that represent direct claims on the underlying assets and support in-kind redemptions. Centrifuge is also introducing freely transferable versions of these assets (deJTRSY, deJAAA and deCRDX) designed for use across the Monad ecosystem in lending, collateral and secondary market activity. Read more
Centrifuge joins BlackRock’s BUIDL and Ondo Finance in the $1 billion RWA club as demand grows for tokenized products. Blockchain infrastructure platform Centrifuge has crossed $1 billion in total value locked (TVL), joining the ranks of BlackRock’s BUIDL fund and Ondo Finance as the only real-world asset (RWA) platforms to surpass the milestone. Centrifuge CEO Bhaji Illuminati attributed the milestone to institutions moving from pilots to “real deployments,” alongside strong onchain allocator demand. “Markets need more than T-bills,” Illuminati told Cointelegraph, pointing to JAAA, an onchain version of Janus Henderson’s AAA-rated collateralized loan obligation (CLO) investment fund, as a natural next step for institutions seeking higher yields than risk-free rates. Read more