Centrifuge Integrates Symbiotic Liquidity Network Across $1.6 Billion in Tokenized Funds

Centrifuge has integrated Symbiotic’s liquidity network across three tokenized funds, encompassing approximately $1.6 billion in assets under management. This integration provides eligible holders with an additional method to exchange their positions for USDC. The integration applies to Janus Henderson’s JAAA, an AAA-rated collateralized loan obligation strategy, JTRSY, a short-duration US Treasury strategy, and New York Life Investment Management’s HYB, a US high-yield corporate bond strategy.

Symbiotic’s Liquid Lane operates as an onchain request-for-quote (RFQ) marketplace, enabling market makers to utilize liquidity from vaults to fulfill redemption requests. Market makers can then redeem acquired fund tokens through the issuer or sell them via another RFQ transaction. This system allows investors to receive USDC immediately, while the funds’ standard redemption processes can occur independently.

Centrifuge functions as an asset tokenization and vault platform where asset managers issue and manage tokenized funds. Janus Henderson, a global asset manager with approximately $500 billion in assets under management, has been a significant contributor to the platform’s expansion through its JAAA and JTRSY products. By December 2025, Centrifuge had attracted about $1.3 billion in new inflows, primarily driven by the two Janus Henderson funds.

Felix Lutsch, Symbiotic’s head of ecosystem, noted that Liquid Lane is not the initial liquidity route available for Centrifuge’s tokenized funds, indicating that other liquidity options exist and contribute to a healthy market. Centrifuge had previously announced a collaboration with Wintermute in February 2025 to facilitate 24/7 instant redemptions for JTRSY. HYB launched in June with a distinct liquidity arrangement for near-instant redemptions.

Lutsch stated that the primary difference with Liquid Lane lies in the capital structure supporting the transactions rather than their speed. He explained that its marketplace allows multiple market makers and curators to participate without requiring market makers to pre-fund and maintain inventory for individual assets. Lutsch further indicated that low trading volumes in tokenized assets have historically offered market makers limited incentive to commit capital.