Centrifuge’s JAAA tokenized fund hits roughly 47% utilization across DeFi

Centrifuge’s JAAA tokenized fund has reached roughly 47% utilization. That figure reflects the token’s growing spread across DeFi protocols and liquidity providers. What the 47% figure actually measures Centrifuge says the milestone comes from integrating with multiple protocols and liquidity providers. Utilization is the measure of how much of the tokenized product is being put to work through those channels. DefiLlama data puts Centrifuge’s total utilization rate at 47.6%. JAAA is a significant contributor to that platform-wide number. The research behind the milestone points to two main drivers. The first is fast or instant redemption mechanisms. The second is the token’s use as collateral in lending markets. The fund behind the token JAAA is tied to the Janus Henderson Anemoy AAA CLO Fund. It gives holders exposure to AAA-rated tranches of collateralized loan obligations, or CLOs. A CLO pools corporate loans and slices them into layers by risk. The AAA layer sits at the top of that stack. The tokenized shares launched sometime around May to July 2025. They were designed specifically for investors outside the US. Over the 12 months up to early October 2026, the fund processed mo...