Asset manager Janus Henderson (AUM $360 billion) is getting involved in tokenization. While Franklin Templeton, BlackRock and WisdomTree have issued tokenized Treasuries directly, instead Janus’ first step is a partnership with an existing fund, the Anemoy Liquid Treasury Fund (LFT) with $36 million assets under management (AUM). The collaboration also includes Anemoy founder, real world asset (RWA) tokenization firm Centrifuge.
Janus will serve as sub-advisor to the LTF and its wholly-owned subsidiary Tabula will manage the fund’s operations and portfolio.
In the past few weeks the total volume of Treasuries tokenized on public blockchains has surpassed $2 billion, with BlackRock and Franklin Templeton leading the way with a combined 43% market share. The rest of the top ten offerings are managed by startups. The top ten together account for 96% of the market capitalization.
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