Centrifuge has integrated Symbiotic’s liquidity network across three tokenized funds with roughly $1.6 billion in assets under management, adding an onchain path for eligible holders to exchange fund positions for USDC.
The rollout covers Janus Henderson’s JAAA and JTRSY funds and New York Life Investment Management’s HYB. Under the setup, investors can receive USDC immediately while the funds’ standard redemption process takes place separately.
Three funds added to the network
The integration applies to JAAA, an AAA-rated collateralized loan obligation strategy from Janus Henderson, JTRSY, a short-duration US Treasury strategy also from Janus Henderson, and HYB, a US high-yield corporate bond strategy from New York Life Investment Management.
Together, the three tokenized funds represent about $1.6 billion in assets under management, according to the report. The move extends Symbiotic’s liquidity network into a larger portion of the tokenized fund market hosted on Centrifuge.
How Liquid Lane works
Symbiotic’s Liquid Lane is built around an onchain request-for-quote marketplace. In that system, market makers can access liquidity from vaults and use it to fill redemption requests from fund holders seeking USDC.
After acquiring the fund tokens, those market makers can either redeem them through the issuer or sell them in another RFQ transaction. That structure is meant to separate immediate liquidity for the investor from the underlying timetable of the fund’s normal redemption cycle.
Role of Centrifuge and its fund issuers
Centrifuge operates as an asset tokenization and vault platform where asset managers issue and manage tokenized funds. The latest integration adds a secondary liquidity mechanism on top of that existing issuance and management infrastructure.
Janus Henderson has been one of the most important contributors to Centrifuge’s recent expansion through JAAA and JTRSY. The asset manager oversees about $500 billion in assets under management globally, according to the source article.
Growth on the platform
By December 2025, Centrifuge had drawn about $1.3 billion in new inflows, according to Token Terminal. The report said those inflows were driven primarily by the two Janus Henderson funds on the platform.
JAAA alone accounted for about $1 billion in total value locked and was described as one of the largest tokenized funds in the market. The addition of Symbiotic’s liquidity network to JAAA, JTRSY and HYB gives those products an additional route for eligible holders to access liquidity without waiting for the standard redemption process to finish.
Source: cointelegraph.com