Latest news with #Centrifuge
Associated Press
01-07-2025
- Business
- Associated Press
S&P Dow Jones Indices Collaborates with Centrifuge to Bring the S&P 500 Index Onchain, Expanding Access to the World's Most Widely Recognized Benchmark
NEW YORK, July 1, 2025 /PRNewswire/ -- S&P Dow Jones Indices ('S&P DJI'), the world's leading index provider, today announced its plans to collaborate with Centrifuge, a decentralized infrastructure provider specializing in real-world asset (RWA) integration, to enter the fund tokenization space by licensing the S&P 500 Index. This initiative extends the reach of the S&P 500 into onchain investment products and protocols. For 125 years and counting, S&P DJI's indices have provided a liquid foundation for increased adoption of index-based investing around the world. By licensing Centrifuge to provide exposure and bring the S&P 500 Index onchain, a blockchain-native investment vehicle will for the first time be built, governed, and accessed directly through Centrifuge's RWA infrastructure, rather than via traditional brokerages. Anemoy Capital, a web3 native asset manager powered by Centrifuge, has been licensed by S&P DJI along with Janus Henderson, a leading global asset manager, as the sub-advisor for the fund, to offer the Janus Henderson Anemoy S&P 500 Index Fund Segregated Portfolio, which is planned to launch later this year subject to regulatory approval. 'At S&P Dow Jones Indices, our mission is to bring trusted benchmarks to every investor, today and tomorrow. Today's announcement places The 500™ at the forefront of index tokenization and real-world asset integration and brings the innovation of decentralized infrastructure to the most iconic financial index in the world,' said Cameron Drinkwater, Chief Product Officer at S&P Dow Jones Indices. 'Our collaboration with Centrifuge enables investors to gain direct exposure to the S&P 500 Index –– within a blockchain ecosystem that supports liquidity, transparency and interoperability. The potential from here – real-time, programmable, automated and 24/7 indexed portfolio solutions - is incredibly exciting.' This collaboration combines S&P DJI's premiere S&P 500 Index and unmatched index data quality with Centrifuge's blockchain technology to create one of the first digital tokens that represents exposure to the S&P 500 Index. The digital tokens can then be owned, used and transferred through the blockchain, initially providing access to a broader range of market participants. In the future, by licensing S&P DJI's indices to be embedded directly into DeFi protocols, other tokenized assets and compliant digital investment platforms can provide equal market access and choice to blockchain-native investors and those without access to traditional investment products. 'Bringing the S&P 500 Index onchain is more than a technical milestone, it represents a shift in how institutional portfolios can be constructed and accessed. For the first time, the world's most trusted benchmark is available through open, transparent, and programmable infrastructure. At Centrifuge and Anemoy, our focus is to establish 'onchain indices,' as a core category of onchain asset allocation, bringing institutional-grade products to a decentralized financial system. We are proud to collaborate with S&P Dow Jones Indices and look forward to what this unlocks for the future of onchain finance,' said Anil Sood, Chief Strategy and Growth Officer at Centrifuge and Co-Founder of Anemoy. The introduction of tokenization further expands S&P DJI's existing portfolio of digital asset initiatives, which includes its cryptocurrency indices, ranging from single-coin indices to multi-asset solutions. S&P DJI's diverse offering is designed to provide choice for market participants looking to effectively navigate the growing DeFi and digital asset space. For more information about S&P Dow Jones Indices, please visit S&P Global's digital asset capabilities support transparency and informed decision-making at the intersection of decentralized innovation and traditional finance. To learn more about S&P Global's DeFi initiatives please click here. For more information about Centrifuge, please visit ABOUT S&P DOW JONES INDICES S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets. S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit The S&P 500 Index is a product of S&P Dow Jones Indices LLC or its affiliates ('S&P DJI), and has been licensed for use by Anemoy Capital Ltd. ('Anemoy') and k-f dev AG ('Centrifuge'). S&P®, S&P 500®, SPX®, SPY®, US 500™, The 500™, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates ('S&P'); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ('Dow Jones'); and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by Anemoy and Centrifuge. Funds based on the S&P 500 are not sponsored or sold by S&P DJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such products nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index. FOR MORE INFORMATION: Silke Mcguinness Global Head of Communications (+1) 415 205 8414 [email protected] Alyssa Augustyn Americas Communications (+1) 773 919 4732 [email protected] Asti Michou EMEA Communications +44 (0) 79 70 887 863 [email protected] View original content to download multimedia: SOURCE S&P Dow Jones Indices
Yahoo
26-06-2025
- Business
- Yahoo
Newest 'Star' in Sky Ecosystem Launches With $1B Tokenized Credit Strategy
Grove, a new decentralized finance (DeFi) protocol focused on institutional-grade credit infrastructure, emerged from stealth on Wednesday with a $1 billion commitment to a tokenized asset strategy. The protocol aims to bridge DeFi with traditional financial assets by routing on-chain capital into regulated credit investments, focusing on collateralized loan obligations (CLOs). Through its infrastructure, Grove gives crypto-native protocols and asset managers access to real-world asset (RWA) investments, helping them put idle reserves to work and a yield that's independent from crypto markets. The launch also marks Grove's debut as the latest "Star" within the Sky Ecosystem, one of the largest and longest running DeFi lender formerly known as MakerDAO. Sky is undergoing an overhaul called Endgame that breaks the protocol into autonomous units called "stars," each responsible for its own governance and innovation at the edge of the ecosystem. The first such entity was Spark, a yield-earning and borrowing protocol. Sky also issues the $3.7 billion DAI and $3.4 billion USDS stablecoins, and has been increasingly shifting reserves to real-world assets such as tokenized Treasuries. Grove starts out with a $1 billion allocation from Sky that will put into the Janus Henderson Anemoy AAA CLO Strategy (JAAA), a tokenized fund of managed by Janus Henderson and built on Centrifuge, a blockchain platform that specializes in real-world asset tokenization. The core contributor team behind Grove — Mark Phillips, Kevin Chan and Sam Paderewski — had previous experiences at Deloitte, Hildene Capital Management, BlockTower Capital and Citibank before transitioning to DeFi. The protocol was incubated by DeFi specialist Steakhouse Financial, a firm that played a key role in bringing real-world assets into the Sky system. "While tokenized treasuries have paved the way, there's a growing demand for more diversified, high-quality assets on-chain," said Anil Sood, chief strategy and growth officer of Centrifuge. 'With the launch of Grove, for the first time, protocols can access liquid, institutional-grade CLOs while maintaining the flexibility to pivot between DeFi and TradFi yield environments," said Sam Paderewski.
Business Wire
25-06-2025
- Business
- Business Wire
Grove Announces Launch of Institutional-Grade Credit Infrastructure DeFi Protocol with $1 Billion Allocation to Tokenized Janus Henderson Anemoy AAA CLO Strategy
CANNES, France--(BUSINESS WIRE)--Grove, an institutional-grade credit infrastructure protocol designed to serve as the liquidity engine of Decentralized Finance ('DeFi'), today emerged from stealth with a $1 billion allocation from the Sky Ecosystem (formerly MakerDAO) into the Janus Henderson Anemoy AAA CLO Strategy (JAAA), a tokenized, onchain vehicle launched in partnership with Centrifuge, using Grove's decentralized infrastructure. The Sky ecosystem approved an allocation deployed using the Grove protocol infrastructure in the Janus Henderson Anemoy AAA CLO Strategy, the first CLO strategy to be available onchain. This milestone follows the breakout success of the Janus Henderson Anemoy Treasury Fund (JTRSY), one of the top five tokenized Treasury funds by AUM, launched earlier this year in collaboration between Centrifuge and Janus Henderson. Following that strong market adoption, Janus Henderson selected Centrifuge again to bring their flagship credit strategy onchain. Managed by the same portfolio managers behind Janus Henderson's $21 billion AAA CLO ETF, this strategy offers global onchain investors an institutional-grade solution which seeks capital preservation with attractive yield—and an answer to the growing question: what comes after tokenized T-Bills? As traditional asset managers seek access to a new channel of DeFi balance sheet capital and crypto-native protocols seek access to yield-bearing real-world asset (RWA) strategies onchain, Grove's decentralized infrastructure launches as a solution. The non-custodial protocol serves as a secure DeFi-to-Traditional Finance ('TradFi') capital highway that increases capital efficiency, reduces friction, and unlocks access to diversified credit investment opportunities on and offchain. Grove, as a Star within the decentralized Sky Ecosystem, was incubated by Grove Labs, a subsidiary of Steakhouse Financial, with Mark Phillips, Kevin Chan, and Sam Paderewski as Co-Founders. Steakhouse Financial, who, in collaboration with Sky, were innovators in bringing RWAs to DeFi, provides capital formation, credit structuring, risk management, and strategic advisory services with clients across both TradFi and DeFi. The team building Grove began their careers in TradFi working across management consulting, structured finance, and product engineering, including at companies such as Deloitte, BlockTower Capital, Hildene Capital Management, and Citigroup, before transitioning to roles in DeFi. With financial markets undergoing a generational transformation, they are uniquely positioned to bring traditional finance into DeFi in a safe, secure, and reliable way. Grove delivers value across key stakeholder groups, including: Asset Managers: Establishes a new global distribution channel with programmable capital rails. Protocols/DAOs: Serves as a premier onchain capital partner and capital allocation conduit, allowing them to deploy idle capital and increase capital efficiency. DeFi Ecosystem: Provides increased credibility, durability, diversification, and long-term sustainability. 'Demand for access to TradFi asset classes in DeFi continues to build momentum, as evidenced by the rapid growth of tokenized treasuries to $7.3 billion from $500 million in 2023 with Treasury bills and other assets moving onchain. The launch of Grove comes at a pivotal time when TradFi and DeFi are converging and to serve as a gateway between these two critical financial ecosystems. CLOs are just one of the many assets ripe for movement into DeFi due to their attractive yield profile and structure, and we are excited to partner with Janus Henderson and Centrifuge on the debut application of Grove's infrastructure,' said Sam Paderewski, Co-founder of Grove Labs. 'With the launch of Grove, for the first time, protocols can access liquid, institutional-grade CLOs while maintaining the flexibility to pivot between DeFi and TradFi yield environments. This $1 billion allocation from the Sky ecosystem to JAAA is just an early step in supporting a robust onchain capital highway where institutional managers and DeFi protocols can securely, efficiently and transparently operate on an open blockchain.' DeFi yields have historically declined during market downturns, while protocols, despite holding billions in reserves, have lacked secure and compliant channels to deploy capital efficiently. Through its capital routing and governance infrastructure, Grove allows idle onchain capital to be deployed into regulated, institutional-grade vehicles, empowering crypto-native organizations to integrate diversified, risk-adjusted yield strategies directly into their onchain operations without friction. The allocation of capital from Sky into JAAA marks the first application of Grove's infrastructure. 'Last year, our pioneering AAA CLO strategy attracted the most inflows among all actively managed fixed income ETFs, underscoring the growing investor appetite for innovative fixed-income solutions. When Grove approached us to bring this strategy onchain, we were impressed by their clear vision for building the onchain economy,' said Nick Cherney, Head of Innovation at Janus Henderson Investors. 'Our innovation strategy is focused on preparing for the possibility that blockchain technology will transform traditional finance in the long term. We are excited to partner with Grove and Centrifuge who share that vision, and are leaders in making it a reality. Bringing this actively managed credit strategy fully onchain is a huge leap forward in the integration of RWAs into DeFi. We look forward to a long-term partnership.' 'The Sky Ecosystem has a long history of bringing tokenized RWAs online to increase the stability and efficacy of the DAI and USDS stablecoins. As active community participants, the team behind Grove has played a critical role in unlocking the power of RWAs for DeFi,' said Rune Christensen, co-founder of Sky. 'With the move to embrace CLOs, Grove, as a Star operating in the Sky Ecosystem, is showcasing their expertise and innovation in helping protocols and organizations modernize and diversify their portfolios of RWAs.' 'While tokenized treasuries have paved the way, there's a growing demand for more diversified, high-quality assets onchain,' said Anil Sood, Chief Strategy and Growth Officer of Centrifuge. 'Instead of simply wrapping an offchain ETF, together with Janus Henderson we've brought JAAA fully onchain, unlocking operational efficiencies, reducing intermediary costs, and expanding access to a broader, global base of capital allocators.' To learn more about integrating the Grove protocol and allocation system, contact us at X, or LinkedIn. About Grove Grove is an institutional-grade credit infrastructure DeFi protocol designed to serve as the liquidity engine of Decentralized Finance. Incubated by Grove Labs as a Star within the decentralized Sky Ecosystem governance framework, Grove enables protocols, crypto-native organizations, and individual users to access institutional-grade yield. To learn more, visit X, and LinkedIn. About Grove Labs Grove Labs, a subsidiary of Steakhouse Financial, is a blockchain research and development organization dedicated to architecting the next generation of decentralized credit infrastructure. Co-founded by Mark Phillips, Kevin Chan, and Sam Paderewski, the team has facilitated over $5 billion of onchain capital allocations and brings deep expertise from both traditional and decentralized finance. Grove Labs builds open-source, non-custodial protocols and liquidity solutions that bridge institutional strategies with the DeFi world. Committed to fostering TradFi-DeFi convergence, Grove Labs advances financial innovation through rigorous research, collaborative partnerships, and production-ready software solutions. About Janus Henderson Janus Henderson Group is a leading global active asset manager dedicated to helping clients define and achieve superior financial outcomes through differentiated insights, disciplined investments, and world-class service. As of March 31, 2025, Janus Henderson had approximately US$373 billion in assets under management, more than 2,000 employees, and offices in 25 cities worldwide. The firm helps millions of people globally invest in a brighter future together. Headquartered in London, Janus Henderson is listed on the NYSE. About Centrifuge Centrifuge empowers asset managers to tokenize, manage, and distribute their funds onchain, while providing investors access to a diversified portfolio of high-quality tokenized assets. Founded in 2017 and backed by leading VCs, Centrifuge has been a driving force in the institutional adoption of tokenized assets and has championed industry initiatives including the Tokenized Asset Coalition, the Real-World Asset Summit, and the creation of widely recognized token standards. About the Sky Ecosystem Sky, formerly known as MakerDAO, is a decentralized protocol with the stablecoin USDS at its core. The protocol features Sky tokens (USDS, SKY), the Sky Savings Rate (SSR), Sky Token Rewards (STRs), SKY Staking, and more. Sky Protocol is governed by a decentralized community and structured around two foundational frameworks: the Sky Agent Framework, which enables autonomous on-chain agents and allows founders to create Sky Stars, independent protocol units designed to foster fast-moving innovation at the margins of the ecosystem; and the Sky Atlas, a living, comprehensive set of governance rules developed through proposals and decentralized voting. For more information about Sky Protocol, visit Discord, Forum, or Twitter. Sky and Grove are decentralized infrastructure. This communication does not constitute an offer to purchase or sell securities. No single entity controls user funds, makes investment decisions and deploys capital on its own. Users maintain full custody and control of their assets. This communication does not constitute investment advice.
Forbes
05-06-2025
- Business
- Forbes
Exporting Trust: How Blockchain Finance Can Redefine Trade Agreements
Programmable contract on blockchain While the spotlight in Web3 remains fixed on ETFs, token listings, and stablecoin frameworks, a quieter but equally consequential evolution is taking shape at the edge of global commerce. In the last six months alone, the Bank for International Settlements expanded its cross-border wholesale CBDC pilot, Project mBridge, to include over 26 observing members. Meanwhile, the Monetary Authority of Singapore extended Project Guardian, testing tokenized trade finance and digital asset settlement with banks including JPMorgan, DBS, and Standard Chartered. Hong Kong Monetary Authority also launched Project Ensemble to develop innovative financial market infrastructure enabling seamless interbank settlement of tokenised money, initially focusing on tokenised deposits to support the growth of Hong Kong's tokenisation market. On the protocol side, DeFi-native projects like Centrifuge are tokenizing invoices and short-term credit, while firms like Enclave Markets are developing encrypted execution environments for confidential trading. These aren't isolated experiments - they're signs of a maturing thesis: that programmable finance can redefine the foundations of international trade. Today's trade infrastructure is a patchwork of legal fictions and trust intermediaries - letters of credit, bills of lading, third-party guarantees - many of which exist solely to simulate trust. Each one adds friction, cost, and settlement lag. Blockchain-based systems flip that dynamic by anchoring records on cryptographically secure, shared ledgers. This is more than just a technical upgrade. As David Wells, CEO of Enclave Markets, puts it: 'When counterparties from different jurisdictions can rely on cryptographically secured records rather than opaque intermediaries, the trust barrier that typically adds friction and cost to international trade diminishes significantly.' He adds that, 'At Enclave, we use secure enclave technology to enable privacy-preserving verification. This means counterparties can validate critical deal terms or performance metrics without exposing sensitive business data. It's a foundational shift - you get transparency and confidentiality at the same time, something legacy systems just aren't built for.' Where platforms like the now-defunct TradeLens stumbled due to governance limitations, decentralized or privacy-preserving infrastructure offers an alternative. Enclave, for instance, uses secure enclave hardware to enable private yet verifiable trades - part of a broader movement that includes confidential computing platforms and zero-knowledge middleware. Beyond data transparency, programmable finance introduces automatic enforceability. Smart contracts don't just log terms - they execute them. When conditions are met (e.g., delivery confirmed via oracle or IoT sensor), payment flows instantly. If conditions fail, penalties or reversions execute without legal intervention. This mechanism is already live in parts of the DeFi world. MakerDAO and Centrifuge have deployed real-world asset vaults tied to tokenized invoices and short-term credit. As reported, Maker's RWA vaults now account for a significant share of its fee income. Denis Petrovcic, CEO of Blocksquare, frames it this way: 'Banks shift from paperwork gatekeepers to liquidity nodes, and insurers underwrite only risks the code can't cover.' He continues: 'In our real estate tokenization work, we've shown how anchoring legal agreements - like mortgage registration or loan collateralization - on-chain creates enforceable economic rights that are provable in real time. This reduces the need for buffer escrows and limits disputes. When you apply this to cargo or trade finance, it's easy to imagine similar benefits.' His company recently completed one of the first legally notarized tokenized real estate deals tied to a national land registry - a model that could extend to warehousing, shipping hubs, and other trade-linked assets. The Dubai Land Department (DLD) has also launched the MENA region's first government-backed tokenized real estate platform, Prypco Mint, which enables fractional ownership of Dubai properties by minting real estate title deed tokens. This is supported by Dubai's Virtual Assets Regulatory Authority (VARA), marking the first time a government real estate authority in the Middle East has implemented a public blockchain-based tokenization of property title deeds, pioneering a more accessible, transparent, and efficient real estate market. Perhaps the most profound shift is this: trade agreements, once enshrined in legalese and negotiated by diplomats, are now being expressed as code. Project mBridge envisions programmable cross-border CBDC rails. MAS' Project Guardian is piloting asset tokenization and real-time DvP with institutional players. And emerging trade finance platforms are layering compliance, risk, and audit rules into smart contracts rather than spreadsheets. This isn't hypothetical. 'We're already seeing smart contracts do things that used to take banks days or weeks to handle,' says Nicolas Vaiman, CEO of Bubblemaps. 'Instant escrow, peer-to-peer lending, collateral management. The technology simply offers more. And we're just scratching the surface - as more data sources and real-time proofs come online, I think blockchain-based finance will become the default operating system for trade, not an optional enhancement.' The results: fewer intermediaries, faster time to cash, and real-time visibility across jurisdictions. For decades, the global trade system relied on institutional credibility: the issuing bank, the national regulator, the trusted auditor. But programmable finance rewires that system to depend on logic, not legacy. To be clear, this transition is still in its early innings. Regulatory coordination, technical standards, and enterprise integration remain uphill challenges. But the pieces are aligning: on-chain attestation, tokenized RWAs, fiat-backed stablecoins, and decentralized identity protocols are rapidly evolving into an interoperable trust stack. The result isn't just digitized trade. It's a new form of enforceable, exportable trust—written in code, and verified on-chain.
Yahoo
24-05-2025
- Business
- Yahoo
Centrifuge Expands Tokenized RWAs to Solana, Starting With $400M Treasury Fund
Tokenized asset platform Centrifuge said it's expanding services on the Solana blockchain, starting with the $400 million tokenized U.S. Treasury fund managed by Anemoy (JTRSY). The expansion builds on Centrifuge's token standard — dubbed "deRWA tokens" — that allows token holders to freely transfer and use tokenized instruments across decentralized finance (DeFi) protocols. In this case, the deJTRSY token can be swapped, lent, or used as collateral in, enables Solana users to earn yield from short-term Treasuries natively in Solana DeFi platforms, first on decentralized exchange Raydium, lending platform Kamino, and yield aggregator Lulo. The rollout underlines Solana's growing momentum in the tokenized RWA space, a red-hot sector that aims to brings traditional financial instruments like bonds, funds and credit onto blockchain rails. It's a huge opportunity: Boston Consulting Group and Ripple projected that the tokenized asset market could reach $18.9 trillion by 2033. This week, Solana Foundation partnered with bank-focused blockchain tech firm R3 to bring real-world assets to Solana, while Securitize-issued tokenized fund of Apollo credit assets is also being introduced to Solana-based DeFi protocols. "Tokenizing assets is just the starting point," said Bhaji Illuminati, CEO of Centrifuge. "What truly matters is giving real-world assets utility onchain: making them usable across the DeFi stack from day one."Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
