PrimeUSD supports tokenized US Treasuries with JTRSY launch
RWA Signal Insight
U.S. TreasuriesResolv Labs is integrating the JTRSY token, which represents shares in the Janus Henderson Anemoy Treasury Fund, into its permissioned PrimeUSD leveraged product on the Vault Street platform. The JTRSY fund, which invests in short-term US Treasury bills, holds an AA+f/S1+ rating from S&P Global Ratings, marking it as the highest-rated tokenized fund currently available. PrimeUSD aims to accept stablecoins like USDC and USDT, deploying them into JTRSY and utilizing controlled leverage via DeFi money markets to amplify yields for institutional investors. This development signifies a shift for tokenized Treasuries from passive holding vehicles to sophisticated structured finance instruments. By leveraging a highly-rated asset, the product addresses institutional concerns regarding credit quality while expanding the utility of on-chain government debt. Currently in private beta, the product is slated for a public launch around June 2026. This integration highlights the growing maturity of the RWA market, which now exceeds $32 billion in total value, with tokenized Treasuries accounting for over $15 billion.
Key points
- JTRSY fund holds an AA+f/S1+ S&P rating and $400M–$870M in assets under management.
- PrimeUSD uses controlled DeFi leverage to amplify yields from short-term Treasury bill exposure.
- Public launch for the permissioned PrimeUSD product is targeted for June 2026.
- Tokenized Treasuries have surpassed $15 billion in total on-chain transferable value.
Background
The Janus Henderson Anemoy Treasury Fund is a BVI-regulated vehicle that provides on-chain exposure to US Treasury bills with maturities under six months. It operates on the Centrifuge platform, allowing investors to hold tokenized shares that represent ownership in the underlying government debt securities.