Ethereum
BaseJAAA tokenizes a strategy investing in AAA-rated collateralized loan obligation tranches, managed by Janus Henderson (the world's largest CLO ETF manager) on Centrifuge's on-chain fund stack. It offers floating-rate, investment-grade yield above treasuries.
Institutional AAA CLO exposure, tokenized on Centrifuge.
Prism analyst note
JAAA filled the gap between treasury tokens (~4%) and levered credit (~9%+) with floating-rate AAA CLO paper. No AAA CLO tranche has ever defaulted, though mark-to-market drawdowns in liquidity crises (March 2020) are real. Its rapid asset growth signals institutional appetite for on-chain duration-light spread product. The most compelling risk-adjusted middle ground in tokenized credit today.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
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This listing is based on the issuer's official disclosures. Prism has not independently confirmed it on-chain.
- What was checked
- This listing is based on the issuer's official disclosures. Prism has not independently confirmed these disclosures on-chain.
- Source
- Centrifuge
- Last verified
- Jan 10, 2026
- Custody
- US Bank (CLO custody arrangements)
Structure & compliance
- Underlying
- AAA-rated CLO tranches (broadly syndicated loans)
- Legal structure
Documents & disclosures
Frequently asked
Are AAA CLOs safe?+
No AAA CLO tranche has defaulted historically, but prices can temporarily dislocate in liquidity crises; yield floats with SOFR.