You can now trade tokenized S&P 500 exposure and AAA-rated collateralized loan obligations on a decentralized exchange built on Base.
HydrexFi, a liquidity hub native to the Base blockchain, launched two new trading pairs on July 14: deJAAA/USDC and deSPXA/USDC. Both tokens are issued by Centrifuge, the protocol that has quietly become one of the most important players in real-world asset tokenization. To sweeten the deal, liquidity providers are being offered incentives north of 75% APR.
What exactly are these tokens
deJAAA and deSPXA are what Centrifuge calls “deRWA” tokens, short for decentralized Real World Asset tokens. They’re designed from the ground up to plug into existing DeFi infrastructure like lending protocols and decentralized exchanges.
deJAAA gives holders exposure to the Janus Henderson Anemoy AAA CLO Fund — a tokenized version of a fund that holds the highest-rated slices of bundled corporate loans.
