Centrifuge
On-chain AUM$1.837b
Platform totals
Live assets6
Chains9
Est. annual revenue$4.59m
DeFi TVL$425.67m
DeFi TVL / AUM23.18%
Confirmed attestations4 / 6
Primary accessPermissioned (3)
Totals for filtered assets
6
$1.358b
$1.837b
$425.67m
3
| Name | Asset Group | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Janus Henderson Anemoy Treasury FundJTRSY | Bonds | $1.11 | $874.37m | $879.44m | $0 | 0% | Centrifuge | Bond & MMF Funds | T-Bills | Permissioned | Asset | RWA | Anemoy Capital SPC Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||
 Janus Henderson Anemoy AAA CLO FundJAAA | Bonds | $1.05 | $432.98m | $904.95m | $423.53m | 97.82% | Centrifuge | Bond & MMF Funds, Private Credit | Corp Bond Fund | Permissioned | Asset | RWA | Anemoy Capital SPC Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||
 Anemoy Tokenized Apollo Diversified Credit FundACRDX | Private Credit | $1.02 | $31.12m | $31.12m | $0 | 0% | Centrifuge | Private Credit | Other Credit | Permissioned | Asset | RWA | Anemoy | Yes | Yes | Yes | Yes | Yes | Yes | |||
 DeFi Janus Henderson Anemoy AAA CLO Fund Token (JAAA wrapper)deJAAA | Bonds | $1.05 | $14.35m | $15.51m | $2.14m | 14.93% | Centrifuge | RWA Wrappers, Bond & MMF Funds, Private Credit | Single Asset Wrapper | Permissionless | Wrapper | Programmable Finance | Centrifuge GmbH | Yes | No | Yes | Yes | Yes | Yes | |||
| DeFi Janus Henderson Anemoy Treasury Fund Token (JTRSY wrapper)deJTRSY | Bonds | $1.11 | $5.52m | $5.52m | $0 | 0% | Centrifuge | RWA Wrappers, Bond & MMF Funds | Single Asset Wrapper | Permissionless | Wrapper | Programmable Finance | Centrifuge GmbH | Yes | No | Yes | Yes | Yes | Yes | |||
 Janus Henderson Anemoy S&P500® FundSPXA | Equity Indices | $0 | Centrifuge | Stocks & Equities | Equity Basket | Permissionless | Asset | RWA | Anemoy Capital SPC Limited | Yes | Yes | Yes | Yes | Yes |
About Centrifuge
Centrifuge is an RWA protocol enabling securitization of real-world assets including invoices, mortgages, and trade finance through tokenized structures. It connects institutional asset originators with DeFi liquidity.
Profile
- Founded
- 2017
- Headquarters
- Zug, Switzerland
- Primary chain
- Ethereum
- Parent platform
- Centrifuge
- Issuer
- Centrifuge GmbH
Economics & revenue
Holder total fee25 bps
Revenue confidenceIssuer-Disclosed
Fees last verified2026-07-09
Attestations & milestones
- 2026-06New York Life Investment Management launched its first tokenized fund on Centrifuge and Kraken Institutional added JAAA to qualified custody
- 2025-07first tokenized S and P 500 index fund launched with Janus Henderson
- 2025-06JAAA tokenized AAA CLO fund launched with a 1 billion dollar Sky ecosystem allocation via Grove
- 2025-02Bhaji Illuminati appointed CEO
- 2017founded by Vogelsang and Quensel
Revenue methodology & documents
Revenue model: Origination Fee + Yield Spread
JTRSY charges 25 bps total annually accruing daily onchain per the Centrifuge STEP II filing (raised from a waived 15 bps in 2025). The JAAA tokenized fund TER is not disclosed and should not be confused with the US listed JAAA ETF. Fee split between Anemoy and Janus Henderson is not disclosed.
Issuer registry, regulation & leadership
Founders and leadership
Bhaji Illuminati — CEO since February 2025 Lucas Vogelsang — Co-Founder, board Martin Quensel — Co-Founder, President
Issuer registry
Centrifuge (Centrifuge Foundation, Switzerland; Centrifuge Inc., US). Decentralized RWA tokenization protocol launched 2017 by Lucas Vogelsang, Martin Quensel et al. Tinlake / Centrifuge Pools enable structured-credit issuance. CFG governance token live on Coinbase, Bybit, KuCoin. Backed by BlockTower, Galaxy, Coinbase Ventures.
Regulatory status
Centrifuge is a protocol developer, not a licensed fund manager, with the website imprint held by Centrifuge Network Foundation in the Cayman Islands and development via k f labs in Zug. Its flagship funds are issued by Anemoy Limited, a BVI entity whose funds are approved and regulated by the BVI Financial Services Commission as professional funds for non US professional investors, with Janus Henderson as sub investment manager.
Entity structure
The brand comprises the Centrifuge Network Foundation in the Cayman Islands and k f labs in Zug. Anemoy Limited is the BVI asset management arm issuing the FSC approved funds with Janus Henderson as sub investment manager. Each fund uses a bankruptcy remote SPV with independent custodian and Trident Trust as administrator.