Janus Henderson Investors is pleased to announce 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.”
This synergy between Tabula’s specific investment tools, which will “be crucial to ensuring the fund meets the high standards expected by institutional investors, and Janus Henderson’s 90-year track record of financial expertise, will bring traditional investment products to on-chain capital markets, realising untapped potential in the immediate term.”
Nick Cherney, Head of Innovation at Janus Henderson predicted that blockchain will transform traditional finance in the long term and the partnership is an opportunity to help the future.
Blockchain readiness and tokenization are key pillars “underpinning Janus Henderson’s innovation strategy, and the decision to partner with Anemoy and Centrifuge in this way reflects the firm’s commitment to digital assets and its desire to embrace disruptive financial technologies.”
By collaborating with companies who are critical to the transition of asset and wealth management onto distributed ledger technology, Janus Henderson is “adopting a leadership role in the new age of digital disruption in financial markets, positioning itself as a serious partner for future blockchain opportunities.”
As the LTF will be tokenized using Centrifuge’s blockchain technology, this will “enable it to be distributed to over $170 billion in idle capital on-chain.”
Anemoy, which owns the fund, plays a vital role “at the intersection of traditional and decentralised finance, acting as a strategic conduit for Janus Henderson’s successful entry into this digital space.”
Janus Henderson recently announced that it “had entered into an agreement to acquire a majority stake in Victory Park Capital Advisors, LLC (“VPC”), a global private credit manager providing customized solutions to both established and emerging businesses, including decentralised finance.”
The VPC acquisition further expands Janus Henderson’s private credit and institutional capabilities, and along with “the acquisition of Tabula, demonstrates the firm’s commitment to client-led innovation.”
Martin Quensel, co-founder of both Anemoy and Centrifuge, added:
“This partnership underscores our commitment to pioneering the integration of traditional financial products with cutting edge blockchain technology, creating new opportunities for investors, and advancing the decentralised finance ecosystem”.
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.”
As the blockchain landscape continues to evolve, Janus Henderson, Anemoy and Centrifuge are ideally positioned “to lead the way in fixed income tokenization, providing new avenues and innovative options for institutional products, and enhancing the utility of on-chain capital markets.”