JAAA

Janus Henderson Anemoy AAA CLO Tokenized Fund

Value outstanding: $2.77B
26D change: -1.8%
Yield · 30-day trailing APY: 6.85%
NAV: 10.1200
Management fees: 0.25%
Minimum: $100K
Redemption: Daily
Launched: 01 Aug 2024

Depends onBNY

Field coverage 96%Primary-source or on-chain verified 50% of tracked metrics1/1 source documents analyst-verifiedLast reconciled 13 Nov 2026

Overview

What this product is

Tokenized institutional private credit fund managed by Janus Henderson sub-advised by Anemoy and issued on Centrifuge, investing in top-tier AAA-rated CLO tranches.

Underlying asset: AAA-rated tranches of institutional Collateralized Loan Obligations (CLOs)
Asset class: Private Credit
Product structure: Tokenized Fund
Legal structure: BVI Professional Fund
Issuer jurisdiction: United States
Fund domicile: British Virgin Islands
Base currency: USD
Launched: 01 Aug 2024

Peer set

Comparable products

Products in the same asset class and currency. Yields are quoted on different bases, so check each one before comparing.


JAAAthis product	6.85%	0.25%	$100K	$2.77B
syrupUSDC	11.50%	1.00%	$0	$752.3M
ARES-PC	9.00%	1.50%	$25K	$500M
syrupUSDT	12.80%	0.50%	$50K	$228.3M
HELOC	8.00%	1.00%	$50K	$150M
B-PCOF	8.92%	1.60%	$100K	$140M
CTAC	9.12%	1.85%	$25K	$118M

Issuer

Who runs it

Janus Henderson Investors

London, United Kingdom

Traditional manager acting as sub-adviser to an on-chain fund rather than issuing directly: an outsourced route into tokenization that keeps the fund vehicle offshore and crypto-native.

Portfolio

Composition

AAA-rated Collateralized Loan Obligations96.0%
Cash & USDC Liquidity Buffer4.0%

Weighted average maturity

360 days

On-chain history begins 19 Oct 2026 and covers 26 days of readings.

AUM

$2.77B

Assets under management

-1.8% over 26 days held

Yield

6.85%

Yield history. 30-day trailing APY

No on-chain history recorded for this series yet.

NAV

10.1200

NAV per token

No on-chain history recorded for this series yet.

Movement

Recent daily movement

Net movement -$50.5MOver 26 daysChange -1.8%


13 Nov 2026	$2.77B	-$2.3M	-0.1%
12 Nov 2026	$2.77B	-$4M	-0.1%
11 Nov 2026	$2.77B	-$2.4M	-0.1%
10 Nov 2026	$2.78B	-$2M	-0.1%
09 Nov 2026	$2.78B	$0	0.0%
08 Nov 2026	$2.78B	$0	0.0%
07 Nov 2026	$2.78B	$0	0.0%
06 Nov 2026	$2.78B	$9.6M	+0.3%
05 Nov 2026	$2.77B	$109.7M	+4.1%
04 Nov 2026	$2.66B	$4.8M	+0.2%

Holdings

Disclosure

Underlying portfolio

				Share
AAA-rated Collateralized Loan Obligations	Private loans	-	96.0%
Cash & USDC Liquidity Buffer	Cash & equivalents	-	4.0%

Exposure

What you actually own

Economic exposure is to aaa-rated tranches of institutional collateralized loan obligations (clos). Weighted average maturity is 360 days, which sets how quickly the portfolio reprices as rates move.

Private loans: 96.0%
Cash & equivalents: 4.0%

Redemption

Terms

Contractual terms

Redemption frequency: Daily
Dealing cut-off: 16:00 EST daily
Settlement: T+2 via USDC
Redemption fee: None
Secondary venues: Centrifuge Marketplace
Transfer restrictions: Centrifuge permissioned pool for KYC-verified accredited investors.

These are contractual terms from the offering documents. Observed settlement performance and any discretionary accommodation by the manager are explicitly out of scope.

Assessment

Liquidity profile

Primary redemption

Daily · T+2 via USDC

Off-hours exit

Constrained to 16:00 EST daily

Secondary market

Centrifuge Marketplace

Transferability

Allow-listed wallets only

Exit fee

No redemption fee

Relationship graph

Operational dependency network

Every firm and system this product relies on. Select any of them to open its profile.

Every counterparty and system this product depends on to function. Each card links to that entity's own profile: the question worth asking of each is what happens to your position if it stops working.

Open in Ecosystem Graph →

Issuance & legal

Who is legally on the hook for this product.

Issued byJanus Henderson InvestorsLondon, United Kingdomderived Administered byCentrifugeBerlin, Germanyderived

Custody

Where the backing assets actually sit.

Custodied byBNYNew York, United Statesderived

Markets & settlement

Where it trades and how value moves between venues and chains.

Deployed onEthereumpublic l1 · 100% of supplyderived

Look-through

Other tracked products this one holds.

HoldsUSD CoinUSDC · 4% of portfolioderived

Edges marked derived are inferred from a structured field on this product that carries its own source; they are not independent confirmation of it. Edges without that mark were sourced separately from a disclosure naming both parties.

Deployments

Registry

Networks and contracts

		Contract / asset id
EthereumPrimary	public l1	0x5a0F93D040…317Dcf64	100.0%

Counterparties

Service providers

If any of these has a problem, this product is affected.

Custodian: BNY· New York, United States
Administrator: Centrifuge· Berlin, Germany
Transfer agent: Not disclosed
Tokenization platform: Centrifuge· Berlin, Germany
Oracle / attestation: Chainlink

Access

Classification

Who may hold this

RetailNot eligible

AccreditedEligible

ProfessionalNot eligible

InstitutionalEligible

Minimum investment: $100,000
Allow-list required: Yes
Transfer restrictions: Centrifuge permissioned pool for KYC-verified accredited investors.

Geography

Where it is available

United StatesNot available

European UnionNot available

SingaporeAvailable

United KingdomNot available

SwitzerlandAvailable

Hong Kong SARAvailable

United Arab EmiratesAvailable

Explicit prohibitions

−United States
−Cuba
−Iran
−North Korea
−Syria

Availability is limited to the jurisdictions in the coverage boundary. Absence here means not covered, not necessarily prohibited. This is a classification of the offering documents, not legal advice.

Structure

Legal and regulatory

Legal structure: BVI Professional Fund
Product structure: Tokenized Fund
Fund domicile: British Virgin Islands
Issuer jurisdiction: United States
Transfer agent: Not disclosed

The domicile of the fund and the jurisdiction of its manager are frequently different. Both are recorded separately because they drive different questions: tax and insolvency follow the domicile, supervision follows the manager.

Source documents

Offering documentation

The documents behind the figures on this page. Anything marked verified has been checked by an analyst.

Janus Henderson Anemoy AAA CLO Fund Prospectusprospectus · 01 Aug 2024Parsed & verified↗

On-chain activity

Daily value outstanding

Value outstanding as read from the token contracts each day, and the movement between readings. Mints and redemptions are not separable on-chain, so this is the net of both, not gross issuance.

Net movement -$50.5MOver 26 daysChange -1.8%


13 Nov 2026	$2.77B	-$2.3M	-0.1%
12 Nov 2026	$2.77B	-$4M	-0.1%
11 Nov 2026	$2.77B	-$2.4M	-0.1%
10 Nov 2026	$2.78B	-$2M	-0.1%
09 Nov 2026	$2.78B	$0	0.0%
08 Nov 2026	$2.78B	$0	0.0%
07 Nov 2026	$2.78B	$0	0.0%
06 Nov 2026	$2.78B	$9.6M	+0.3%
05 Nov 2026	$2.77B	$109.7M	+4.1%
04 Nov 2026	$2.66B	$4.8M	+0.2%
03 Nov 2026	$2.65B	-$33.6M	-1.3%
02 Nov 2026	$2.69B	$0	0.0%
01 Nov 2026	$2.69B	$0	0.0%
31 Oct 2026	$2.69B	-$4.9M	-0.2%
30 Oct 2026	$2.69B	-$997.1K	-0.0%
29 Oct 2026	$2.69B	$0	0.0%
28 Oct 2026	$2.69B	-$57.6M	-2.1%
27 Oct 2026	$2.75B	-$35.4M	-1.3%
26 Oct 2026	$2.79B	$0	0.0%
25 Oct 2026	$2.79B	$0	0.0%
24 Oct 2026	$2.79B	$0	0.0%
23 Oct 2026	$2.79B	-$31.4M	-1.1%
22 Oct 2026	$2.82B	$0	0.0%
21 Oct 2026	$2.82B	$0	0.0%
20 Oct 2026	$2.82B	-$36.6K	-0.0%
19 Oct 2026	$2.82B	-	-

Related intelligence

1 events reference this product

09 Nov 2026Adoption

JAAA becomes the largest tokenized collateral asset on Aave Horizon - Crypto Briefing

The Janus Henderson Anemoy AAA CLO Tokenized Fund (JAAA) has achieved scale dominance, becoming the largest tokenized collateral asset integrated into the Aave Horizon deployment.

This milestone proves the deep appetite for institutional-grade private credit assets within decentralized lending markets, establishing JAAA as a core collateral building block. By scaling on Aave Horizon, it sets a precedent for structured credit integration, potentially driving further liquidity migration from traditional fixed-income wrappers into permissioned on-chain credit pools.