Centrifuge’s tokenized JAAA fund, linked to the Janus Henderson Anemoy AAA CLO Fund, has reached a utilization rate of approximately 47.6% according to DefiLlama data. This product, which provides exposure to AAA-rated tranches of collateralized loan obligations, processed over $717 million in redemptions across 93 separate orders over the past twelve months, with settlements typically completed in one to two days. Assets under management currently range between $585 million and $687 million, down from a peak exceeding $1 billion in the fund’s early stages. JAAA is now being used as collateral on Aave Horizon, with a proposal to raise its loan-to-value ratio from 81% to 87%.
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