Tokenized real-world assets just cleared another institutional hurdle. Kraken Custody is now offering the Janus Henderson Anemoy AAA CLO Fund, known as JAAA, making it the first tokenized AAA-rated collateralized loan obligation fund available through a qualified crypto custody solution.
The announcement, made on June 25, 2026, marks a partnership between Kraken Institutional and Centrifuge, the protocol handling tokenization infrastructure and onchain settlement.
What JAAA actually is, and why it matters
The off-chain version of this fund, managed by Janus Henderson, oversees $21 billion in assets. The tokenized version brings that same underlying exposure onchain, with a total asset value of approximately $686 million and a net asset value of around $1.04 per token.
The fund currently offers a 7-day annualized yield of roughly 3.66%. AAA CLOs are floating-rate instruments, which means their yields adjust with prevailing rates rather than getting locked in at a fixed level.
