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Janus Henderson Launches Blockchain-Backed Fixed-Income Fund

janus henderson unveils blockchain fixed income fund

Janus Henderson, a leading global asset management firm, has introduced a novel blockchain-backed fixed-income fund designed to provide investors with direct access to US Treasury yields. This new fund, known as the Anemoy Liquid Treasury Fund (LTF), aims to offer a unique investment opportunity by leveraging blockchain technology to manage and tokenize assets.

Innovative Fund Structure and Benefits

The Anemoy Liquid Treasury Fund is designed to enable investors to earn returns on idle stablecoins. According to the firm, the LTF is rated as investment-grade and features a maximum maturity of six months, with the option for daily redemptions in USD. The fund’s structure allows for enhanced liquidity and flexibility for investors, who can benefit from holding short-term US Treasury securities.

Janus Henderson will act as the sub-adviser for the LTF, overseeing the fund’s daily operations and portfolio management through Tabula, a wholly owned subsidiary of Janus. This collaboration ensures that the fund’s management is aligned with Janus Henderson’s established investment expertise and operational standards.

Blockchain Integration and Tokenization

The LTF is developed by Anemoy Limited, a specialist in decentralized finance (DeFi), and will be distributed via the Centrifuge public blockchain. This integration is expected to provide the fund with access to over $170 billion in idle capital on the Centrifuge chain. By utilizing distributed ledger technology (DLT), the fund tokenizes asset holdings, effectively creating digital versions of investors’ share and bond holdings. This tokenization enables the assets to be traded and recorded on the blockchain.

Tokenized assets offer several advantages, including reduced management costs, real-time visibility of holdings, immutable transaction records, and clearer documentation of share ownership rights and compliance requirements, such as Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

Strategic Vision and Industry Impact

Nick Cherney, head of innovation at Janus Henderson, expressed that the fund positions the firm strategically to leverage the potential long-term impact of blockchain technology on traditional finance. He highlighted that this partnership represents a significant opportunity to influence the future of financial markets while offering stable and compliant solutions within on-chain markets.

The collaboration between Janus Henderson and Anemoy is seen as a critical step in bridging the gap between traditional and decentralized finance. By integrating robust institutional collateral pools with decentralized autonomous organizations and stablecoin ecosystems, the fund aims to create a synergy between established financial systems and innovative blockchain solutions.

Future Prospects and Industry Insights

Martin Quensel, co-founder of both Anemoy and Centrifuge, welcomed the partnership, emphasizing its role in pioneering the integration of traditional financial products with advanced blockchain technology. He noted that the collaboration underscores a commitment to creating new investment opportunities and advancing the decentralized finance ecosystem.

Michael John Lytle, CEO of Tabula, also remarked on the potential of merging DeFi, traditional finance (TradFi), and systematic investing. He suggested that this intersection could generate substantial opportunities for investors in the coming years, particularly as the expansion of exchange-traded funds (ETFs) aligns with the need for stable, liquid investments such as US Treasury bills.

The launch of the Anemoy Liquid Treasury Fund marks a significant advancement in integrating blockchain technology with traditional investment products. This innovative approach not only offers enhanced features for investors but also signifies a step forward in the evolution of financial markets. As blockchain technology continues to develop, such initiatives are likely to play a crucial role in shaping the future landscape of both decentralized and traditional finance.

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