Centrifuge has tokenized the Janus Henderson Anemoy Treasury Fund, and the resulting token — JTRSY — has crossed $882 million in assets. The milestone marks one of the largest tokenized treasury funds on the market, blending traditional fixed-income management with blockchain-based accessibility.
How the token works
JTRSY is a digital token that represents a share in the underlying Janus Henderson Anemoy Treasury Fund. The fund itself invests in short-term U.S. government securities and money-market instruments. By wrapping those shares in a token on Centrifuge's platform, the fund becomes tradable on-chain, allowing a broader range of investors to gain exposure without the usual friction of traditional fund purchases.
Centrifuge, a decentralized finance protocol focused on real-world assets, handles the tokenization process. The fund manager, Janus Henderson, continues to oversee the portfolio. Anemoy, the issuer, provides the legal and operational structure that bridges the traditional fund with the blockchain layer.
Why $882 million matters
That figure puts JTRSY among the largest tokenized treasury products by assets under management. For context, most tokenized funds still operate at smaller scales, often in the tens or low hundreds of millions. Crossing $882 million signals that institutional and retail demand for on-chain versions of safe, liquid assets is real and growing.
The token's growth also reflects a broader push by traditional finance firms to put real-world assets on blockchain rails. Janus Henderson, a global asset manager with more than $300 billion in AUM, is one of the larger names to take this step. The partnership with Centrifuge and Anemoy gives the fund a distribution channel that didn't exist a few years ago.
Centrifuge says the JTRSY token is available on multiple blockchains, including Ethereum and Polygon. The team is working on expanding to more networks and adding secondary-market liquidity. For now, the focus is on maintaining the fund's stability while meeting demand from both crypto-native investors and traditional institutions looking for on-chain yield.
The $882 million figure is current as of the latest reporting. Whether the fund can sustain that growth — or push past $1 billion — will depend on market conditions and how quickly the broader ecosystem adopts tokenized real-world assets.
