Centrifuge's $JAAA Fund Tops $687M in Assets Under Management

Centrifuge has made waves in the financial world by launching $JAAA, the largest tokenized AAA CLO fund with over $687M in assets under management. This fund offers institutional-grade credit products on a blockchain, allowing investors to subscribe and redeem daily using stablecoins.

The $JAAA fund is deployed across eight different blockchain networks: Ethereum, Avalanche, Solana, Base, Stellar, BNB Chain, Monad, and Arbitrum. It currently delivers approximately 4.56% APY on a seven-day average, with a 0.50% management fee.

The partnerships powering this fund include Anemoy as the issuer, Janus Henderson as sub-advisor, Trident Trust for administration, and Circle for crypto custodial infrastructure. The Sky ecosystem has committed a $1 billion allocation, while Ethena has an approved allocation of up to $310 million.