Janus Henderson’s tokenized JAAA fund yields 5.37% onchain

The tokenized AAA CLO strategy built with Centrifuge is offering stablecoin holders a floating-rate credit yield with daily liquidity Janus Henderson’s tokenized AAA CLO strategy currently yields 5.37%. That is a respectable number for a product built around the top-rated slice of corporate credit. The vehicle is the Janus Henderson Anemoy AAA CLO Fund, ticker JAAA. It is one of the clearest examples so far of a traditional asset manager putting a mainstream credit strategy onchain. Investors who hold stablecoins and want something other than a savings account have taken notice. What JAAA actually holds, and what it pays Start with the acronym. A CLO, or collateralized loan obligation, bundles loans into one structure. That structure is then sliced into tranches with different risk levels. The AAA tranche sits at the top of that stack. The strategy focuses on floating-rate credit, so the income it pays moves with prevailing rates rather than being locked in. The yield figures vary a little depending on who is measuring. Alongside the 5.37% reading, RWA.xyz data shows a 30-day annual percentage yield of around 5.24%. The two numbers track closely enough that the general picture hold...