Centrifuge released a series of educational videos explaining collateralized loan obligations (CLOs) and their transposition onto blockchain infrastructure. The Janus Henderson Anemoy AAA CLO Fund (JAAA) manages approximately $687 million in assets across eight blockchain networks including Ethereum and Solana. Cash flows from underlying loans are distributed through a waterfall structure where senior AAA-rated tranches are paid first while junior tranches absorb losses but offer higher yields. The fund offers an annual percentage yield of approximately 4.5% in stablecoins and has contributed to over $1.6 billion in tokenized assets locked on the platform. Onchain CLOs represent the third evolution after stablecoins and tokenized Treasuries, with the added advantage of being usable as collateral in DeFi lending protocols.
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