
The Janus Henderson Anemoy Treasury Fund, tokenized as JTRSY on the Centrifuge platform, has emerged as a significant onchain investment product, reaching a peak of $1 billion in assets under management in early 2026. Currently holding approximately $882 million in value, the fund provides professional non-US investors with exposure to short-duration US Treasury bills. In March 2025, S&P Global Ratings assigned the fund an AA+f/S1+ rating, marking it as the highest-rated tokenized fund at that time. The product utilizes the ERC-7540 token standard to facilitate structured deposit and redemption flows, with settlement occurring via USDC rails. By offering real-time NAV tracking and same-day liquidity, the fund addresses traditional friction points that have historically hindered institutional adoption of blockchain infrastructure. Janus Henderson’s role as sub-advisor underscores the growing institutional interest in integrating traditional asset management with decentralized finance protocols. This development highlights the maturation of the RWA sector, as high-credit-quality assets become increasingly available as collateral within decentralized lending ecosystems.
Centrifuge is a decentralized protocol designed to bridge real-world assets to blockchain networks, allowing businesses to tokenize assets like invoices or Treasury bills to access liquidity. It provides the infrastructure for creating onchain vaults that maintain regulatory compliance while enabling transparency through real-time oracles and proof-of-reserves. By utilizing specific token standards, Centrifuge enables traditional financial products to function within DeFi ecosystems as collateral.