Centrifuge launches $JAAA, the largest tokenized AAA CLO fund with $687M in assets

Centrifuge just made the strongest case yet that Wall Street’s favorite credit instruments belong on a blockchain. The protocol’s $JAAA fund, formally known as the Janus Henderson Anemoy AAA CLO Fund, has hit roughly $689.9 million in assets under management, making it the largest tokenized AAA-rated collateralized loan obligation product in existence. What exactly is a tokenized CLO, and why should you care A CLO, or collateralized loan obligation, is a bundle of corporate loans packaged together and sliced into different risk tiers. The AAA tranche sits at the very top of the credit quality stack, meaning it gets paid first and carries the lowest default risk. What Centrifuge has done is take that institutional-grade credit product and made it available on-chain. The $JAAA fund is deployed across eight different blockchain networks: Ethereum, Avalanche, Solana, Base, Stellar, BNB Chain, Monad, and Arbitrum. Investors can subscribe and redeem daily using stablecoins. The fund launched on May 1, 2025. It currently delivers approximately 4.56% APY on a seven-day average, with a 0.50% management fee. The partnerships powering this thing Anemoy serves as the issuer, while Janus Hender...