Blockchain infrastructure platform Centrifuge has surpassed $1.1 billion in total value locked (TVL), driven by strong demand for its Janus Henderson Anemoy AAA (JAAA) CLO Fund — a tokenized pool of top-rated collateralized loan obligations.
The JAAA fund, which currently manages over $653 million on-chain, provides investors with exposure to corporate loan-backed securities rated AAA, offering a blend of high credit quality, liquidity, and an annual yield of approximately 5.10%. Structured as a professional fund domiciled in the British Virgin Islands, it is open to non-U.S. professional investors with a minimum investment of $500,000.
In addition to JAAA, Centrifuge offers the Janus Henderson Anemoy Treasury Fund, which invests in short-term U.S. government bills and has drawn over $392 million in assets.
Reaching the $1 billion mark positions Centrifuge alongside peers like Securitize, which tokenized BlackRock’s BUIDL fund and holds over $3.1 billion, and Ondo Finance, with $1.3 billion in assets.
Centrifuge CEO Bhaji Illuminati told Cointelegraph that products such as the JAAA fund are seeing strong demand as institutions look for higher yields and diversified credit exposure, even though U.S. Treasurys remain the primary entry point for many investors. Illuminati also noted growing interest in private credit and other differentiated fixed-income strategies, hinting at upcoming launches designed to expand these offerings.
Launch of S&P 500 Fund and Ethereum Migration
Centrifuge’s $1 billion TVL milestone comes after its early July launch of a tokenized S&P 500 fund in collaboration with S&P Dow Jones Indices.
The achievement also follows a major infrastructure upgrade: on July 24, Centrifuge completed its migration from Polkadot to Ethereum with the launch of Centrifuge V3. The move transformed the platform into a multichain, EVM-native protocol, boosting DeFi composability and improving integration across its growing suite of tokenized real-world assets.
