Janus Henderson has launched a newly tokenized Collateralized Loan Obligation (CLO) strategy, attracting $1 billion from the DeFi protocol Grove. This strategy, known as the Janus Henderson Anemoy AAA CLO Strategy (JAAA), allows access to short-term U.S. Treasury bills in a tokenized format. The innovation, which marks a significant move in the ongoing intersection of traditional finance (TradFi) and decentralized finance (DeFi), aims to bring institutional-level collateral pools into decentralized ecosystems. Nick Cherney, Janus Henderson's head of innovation, emphasized the long-term potential of blockchain technology in transforming traditional finance. The CLO ETF, originally launched in 2020 and now holding over $20 billion in assets, seeks to generate income through collateralized loan obligations of varying maturities. Grove Labs co-founder Sam Paderewski expressed that CLOs are well-suited for integration into DeFi due to their yield profiles and structures. While the market for tokenized private credit and Treasury products has grown significantly, it remains relatively small compared to the overall stablecoin market, which is valued around $240 billion.

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