Centrifuge and Pendle Finance announced on November 3, 2026 that they are collaborating to create fixed-rate markets for tokenized real-world assets on Base. The setup combines Centrifuge’s tokenization infrastructure with Pendle’s mechanism for splitting a yield-bearing asset into two tokens: a principal token providing a fixed yield and a yield token exposing holders to floating-rate returns. The first product, deJAAA, is tied to Janus Henderson’s AAA collateralized loan obligation strategy, which manages more than $30 billion. Its market, launched on October 21, 2026, matures on November 26, 2026, giving buyers a known payout date for their locked-in return. Real-world credit strategies represented 82% of Pendle’s total value locked, which stood at $1.16 billion on September 30, 2026, while Coinbase named Centrifuge its preferred tokenization partner on Base in May 2026.
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