Janus Henderson’s tokenized JAAA fund yields 5.37% onchain

Janus Henderson has brought its JAAA credit fund onchain as a tokenized product offering a 5.37% yield, giving crypto investors direct access to an institutional-grade short-duration credit strategy. The move extends the tokenization trend beyond Treasuries into asset-backed and corporate credit, a segment that has drawn growing interest from DeFi participants seeking yield outside native crypto lending. JAAA's onchain debut follows similar efforts by firms including BlackRock and Franklin Templeton, whose tokenized money market funds have collectively attracted billions in assets. The key question is whether the tokenized JAAA can pull meaningful deposits from stablecoin holders and DeFi lenders, and which chains and distribution partners Janus Henderson lines up to reach onchain investors.