UK-based asset management firm Janus Henderson Investors (Janus) has partnered with Anemoy and Centrifuge to manage Anemoy’s Liquid Treasury Fund (LTF).
Anemoy is a web3-native asset manager on Centrifuge, a decentralised finance (DeFi) protocol.
Anemoy’s LTF is a fully on-chain, tokenised fund issued on Centrifuge’s public blockchain that provides investors with direct access to short-term US Treasury bills.
Janus will serve as a sub-advisor to the LTF and manage the fund’s day-to-day operations and portfolio through its wholly-owned subsidiary Tabula.
Building on Tabula’s specific investment tools, and Janus’s financial expertise the partnership will bring traditional investment products to on-chain capital markets.
Janus Henderson innovation head Nick Cherney said: “This collaboration represents a significant step forward in bridging traditional and decentralised finance, by bringing robust institutional collateral pools into decentralised autonomous organisation and stablecoin ecosystems.
“Our innovation strategy is focused on preparing for the possibility that blockchain technology will transform traditional finance in the long term, and this partnership represents a unique opportunity to help shape this future, while also providing stable and compliant solutions for on-chain markets.”
Tabula CEO Michael John Lytle said: “The intersection of DeFi, TradFi, and systematic investing is an area that should create huge opportunities for investors in the coming years.
“It is a natural overlap between the rapid expansion of ETF solutions and the need to underpin digital investments with stable, liquid stores of value, like US Treasury bills.”
According to Janus, LTF will be tokenised using Centrifuge’s blockchain technology, enabling it to be distributed to more than $170bn in idle capital on-chain.
Anemoy owns the fund, plays a key role in traditional and decentralised finance, and serves as a strategic conduit for Janus’ entry into this digital space.
With the continued growth in the blockchain landscape, Janus, Anemoy and Centrifuge are expected to strengthen their position in fixed-income tokenisation.
Recently, Janus agreed to acquire a majority stake in Victory Park Capital Advisors (VPC), a global private credit manager providing customised solutions to businesses.
The proposed acquisition of VPC would further expand its private credit and institutional capabilities, said the British asset management firm.
Anemoy and Centrifuge co-founder Martin Quensel said: “This partnership underscores our commitment to pioneering the integration of traditional financial products with cutting-edge blockchain technology.”
Centrifuge CMO Bhaji Illuminati said: “We are delighted to be working with Janus Henderson and Anemoy to not only address key challenges in fund management, but also to open the door to scalable solutions that have the potential to transform the financial industry.
“The Anemoy Liquid Treasury Fund is a good example of how traditional finance can leverage distributed ledger technology to unlock new opportunities in the blockchain space.”
