#CLOs

Centrifuge highlights advantages of AAA CLOs over Treasuries as tokenized fund gains traction

Centrifuge is challenging the dominance of U.S. Treasuries in the RWA sector by advocating for the superior yield and risk profile of AAA-rated collateralized loan obligations (CLOs). The protocol argues that AAA CLOs offer floating-rate exposure linked to SOFR, near-zero duration risk, and higher credit ratings than government bonds due to structural subordination. Centrifuge has demonstrated this strategy through its Janus Henderson Anemoy AAA CLO Fund, ticker JAAA, which secured a $1 billion allocation from Sky/Grove in June 2025. The broader Centrifuge platform has now surpassed $1 billion in total onchain value, signaling significant institutional interest in complex structured products. To facilitate institutional adoption, a June 2026 partnership with Kraken Institutional enables JAAA to be held in qualified custody. Additionally, Centrifuge has expanded its offerings to include tokenized high-yield corporate bonds in collaboration with New York Life Investment Management. While these assets provide excess yield, the protocol acknowledges inherent risks, including systemic credit events and the technical complexities of onchain settlement for structured finance. This shift highlights a maturing RWA market moving beyond simple government debt toward more sophisticated, yield-optimized financial instruments.

cryptobriefing.com·15h ago