what's Janus Henderson AAA CLO Onchain Fund (JAAA)?
The Janus Henderson AAA CLO Onchain Fund, known as JAAA, is a tokenized investment product that brings a traditional AAA-rated collateralized loan obligation (CLO) strategy to the blockchain. Managed by Janus Henderson Investors in partnership with Centrifuge and Anemoy, it represents a bridge between traditional finance (TradFi) and decentralized finance (DeFi). The fund invests in high-quality, senior tranches of CLOs, which are structured credit products backed by diversified corporate loans, offering institutional-grade yield with low risk. Launched fully onchain, JAAA enables seamless integration into DeFi ecosystems, allowing investors to access real-world yield through blockchain-native mechanisms. Technically, JAAA operates as a non-custodial, programmable asset on platforms like Centrifuge, where underlying CLO exposures are tokenized and managed via smart contracts. This setup provides transparency, real-time settlement, and composability, such as using JAAA as collateral in lending protocols like Aave or for automated yield strategies. The fund's infrastructure leverages Centrifuge's RWA tokenization protocol to ensure compliance, auditability, and scalability, with allocations from institutional partners like Grove seeding significant liquidity. By tokenizing the CLO strategy, JAAA unlocks 24/7 trading, fractional ownership, and interoperability across blockchains without relying on traditional intermediaries.
JAAA is the 3rd largest tokenized fund by market cap, behind BUIDL & USYC.
Becoming the largest institutional fund onchain by assets under management.
Ranks as the 3rd largest tokenized fund by market cap, behind BUIDL and USYC, and in the top 10 real-world assets onchain.
Falcon accepts JAAA and JTRSY as collateral for liquidity, leverage, and new financial products.
JAAA is the 2nd biggest tokenized fund in the crypto market, working with Sky Ecosystem (LP) and Grove Finance (allocator).
JAAA ranks in the $50M-$500M tier (Tier 2) for tokenized assets on Avalanche network.
Ranks 10th in fastest growing RWAs by 30-day market cap growth.
JAAA ranks 3rd among fastest growing tokenized assets in the $1B+ supply category.
JAAA ranks among the 15 fastest growing RWAs based on 30-day TVL growth percentage.
Centrifuge joins Circle's Arc public testnet, expanding beyond the existing Aave Horizon integration where JAAA and JTRSY are available as programmable collateral for borrowing stablecoins.
Integrated as collateral in Morpho and Aave Horizon DeFi lending markets through Centrifuge infrastructure, reached $1.3B TVL.
JAAA operates on Avalanche blockchain through Centrifuge and Grove partnerships, tokenizing structured credit as part of an ecosystem of 42 RWA assets totaling $1.25B+ with $18B monthly transfer volume.