Janus Henderson Investors has said that it will be entering into a new strategic partnership with Anemoy Limited and Centrifuge to manage Anemoy’s Liquid Treasury fund (LTF), a fully on-chain, tokenized fund issued on Centrifuge’s public blockchain that provides investors with direct access to short-term US Treasury bills.
Janus Henderson will be serving as a sub-advisor to the LTF, managing the fund’s day-to-day operations and portfolio through Tabula, a wholly owned subsidiary.
As the LTF will be tokenized using Centrifuge’s blockchain technology, this will enable it to be distributed to over $170bn in idle capital on-chain. Anemoy, which owns the fund, plays a role at the intersection of traditional and decentralised finance, acting as a strategic conduit for Janus Henderson’s entry into this digital space.
Nick Cherney, head of innovation at Janus Henderson commented: “This collaboration represents a significant step forward in bridging traditional and decentralised finance, by bringing robust institutional collateral pools into decentralised autonomous organisation and stablecoin ecosystems.”
“Our innovation strategy is focused on preparing for the possibility that blockchain technology will transform traditional finance in the long term.”
Bhaji Illuminati, CMO at Centrifuge added. “The Anemoy Liquid Treasury Fund is a good example of how traditional finance can leverage distributed ledger technology to unlock new opportunities in the blockchain space”.
Utilising a public blockchain with permissioned access controls, and limiting subscriptions to investors with whitelisted wallets, is intended to mitigate the operational and compliance risks that have previously hindered widespread institutional adoption of tokenized funds.
The decision to partner with Anemoy and Centrifuge reflects the Janus Henderson’s commitment to digital assets and its desire to embrace disruptive financial technologies, according to a statement.
“The intersection of DeFi, TradFi, and systematic investing is an area that should create huge opportunities for investors in the coming years. It is a natural overlap between the rapid expansion of ETF solutions and the need to underpin digital investments with stable, liquid stores of value, like US Treasury bills,” said Michael John Lytle, Tabula’s CEO.
Janus Henderson also unveiled an agreement to acquire a majority stake in Victory Park Capital Advisors, LLC (VPC), a global private credit manager providing services to both established and emerging businesses, including decentralised finance. The VPC acquisition further expands Janus Henderson’s private credit and institutional capabilities.
