Ethereum
BaseJAAA tokenizes a strategy investing in AAA-rated collateralized loan obligation tranches, managed by Janus Henderson (the world's largest CLO ETF manager) on Centrifuge's on-chain fund stack. It offers floating-rate, investment-grade yield above treasuries.
Institutional AAA CLO exposure, tokenized on Centrifuge.
Prism analyst note
JAAA filled the gap between treasury tokens (~4%) and levered credit (~9%+) with floating-rate AAA CLO paper. No AAA CLO tranche has ever defaulted, though mark-to-market drawdowns in liquidity crises (March 2020) are real. Its rapid asset growth signals institutional appetite for on-chain duration-light spread product. The most compelling risk-adjusted middle ground in tokenized credit today.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Structure & compliance
- Underlying
- AAA-rated CLO tranches (broadly syndicated loans)
- Legal structure
- BVI professional fund (Anemoy), sub-advised by Janus Henderson
- Jurisdiction
- British Virgin Islands
- Custodian
- US Bank (CLO custody arrangements)
- Administrator
- Trident Trust
- Oracle / NAV source
- Centrifuge on-chain NAV
- Reserve information
- Portfolio disclosed via Centrifuge; daily NAV; investment-grade tranches only.
- Transfer restrictions
- KYC-verified investors via Centrifuge onboarding.
- Investor eligibility
- Accredited / professional investors
- KYC required
- Yes
- Minimum investment
- $100,000.00
Reserve verification
Contracts & on-chain data
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers. 120+
Documents & disclosures
Frequently asked
Are AAA CLOs safe?+
No AAA CLO tranche has defaulted historically, but prices can temporarily dislocate in liquidity crises; yield floats with SOFR.
