Centrifuge Adds Symbiotic Liquidity to $1.6B in Tokenized Funds

Centrifuge integrated Symbiotic’s Liquid Lane with three tokenized funds on its platform, covering about $1.6 billion in assets. Eligible token holders can use the onchain route to exchange their fund positions for USDC while standard fund redemptions proceed separately.

Liquid Lane is an onchain request-for-quote marketplace that connects market makers to token vaults to fill redemption requests. Market makers that acquire fund tokens through the RFQ system can either redeem those tokens with the fund issuer or sell them into another RFQ trade, enabling immediate stablecoin payouts to investors.

The integration applies to Janus Henderson’s JAAA, an AAA-rated collateralized loan obligation strategy; JTRSY, a short-duration U.S. Treasury strategy; and New York Life Investment Management’s HYB, a U.S. high-yield corporate bond strategy. Centrifuge provides the tokenization and vault infrastructure where asset managers issue and manage these tokenized funds. Janus Henderson manages roughly $500 billion in assets globally and is a major issuer on the platform through JAAA and JTRSY.

Platform activity has grown in recent periods. By December 2025, Token Terminal data showed Centrifuge attracted about $1.3 billion in new inflows, with JAAA contributing about $1 billion in total value locked and ranking among the largest tokenized funds on the platform.

Centrifuge already supports other liquidity arrangements. In February 2025 the platform partnered with Wintermute to offer 24/7 instant redemptions for JTRSY, and HYB launched in June with a separate setup for near-instant redemptions. Symbiotic’s Liquid Lane seeks to aggregate redemption demand across issuers and asset classes, which backers say can change how market makers approach inventory and capital allocation.

Felix Lutsch, head of ecosystem at Symbiotic, noted that Liquid Lane is not presented as the sole liquidity solution and that multiple routes are available. He pointed out the marketplace’s capital structure permits multiple market makers and curators to participate without requiring them to pre-fund or hold inventory for each asset. Lutsch also highlighted low trading flow in tokenized assets as a historical constraint on market maker participation and said aggregating demand could improve the incentives for firms that provide liquidity.

Tokenized funds represent traditional fund shares as blockchain tokens. Liquidity solutions such as RFQ marketplaces aim to offer immediate stablecoin payouts while preserving the fund issuer’s existing offchain redemption and settlement processes.