Centrifuge has added Symbiotic’s liquidity network across three tokenized funds that represent about $1.6 billion in assets under management, giving eligible holders another route to exchange their positions for USDC.
The integration covers Janus Henderson’s JAAA, an AAA-rated collateralized loan obligation strategy, JTRSY, a short-duration US Treasury strategy and New York Life Investment Management’s HYB, a US high-yield corporate bond strategy.
Symbiotic’s Liquid Lane uses an onchain request-for-quote (RFQ) marketplace where market makers can tap liquidity from vaults to fill redemption requests. Market makers can then redeem the acquired fund tokens through the issuer or sell them through another RFQ transaction.
The arrangement allows investors to receive USDC immediately while the funds’ normal redemption can take place separately.
Centrifuge is an asset tokenization and vault platform where asset managers issue and…
