Centrifuge's JTRSY Tokenized Treasury Fund Reaches $882M in Assets

The Centrifuge platform has tokenized the Janus Henderson Anemoy Treasury Fund, which has become one of the largest onchain investment products in existence. The token, JTRSY, represents a US Treasury fund with roughly $882 million in total asset value and an AA+f/S1+ rating from S&P Global Ratings.

The fund invests in short-duration US Treasury bills with maturities between zero and three months, and operates as an ERC-7540 vault on Centrifuge's platform. Settlement happens through USDC rails, and the system uses real-time proof-of-reserves and NAV oracles to keep everything transparent.

JTRSY delivers a 7-day APY of around 4.4%, giving holders real-time visibility into NAV, holdings, and performance metrics. The fund operates with same-day liquidity for whitelisted investors, with an annual management fee of 25 basis points deducted directly from NAV.

The fund's rating highlights its operational resilience, with S&P pointing to the use of multisig wallets and an efficient tokenization framework. This level of transparency and efficiency could help bridge the gap between traditional asset managers and blockchain rails.