Centrifuge joins Symbiotic liquidity network to provide instant USDC liquidity for $1.6 billion in tokenized funds

Odaily Planet Daily News Asset tokenization platform Centrifuge has announced its integration with Symbiotic's Liquid Lane liquidity network to provide on-chain liquidity support for three of its tokenized funds, covering fund products with approximately $1.6 billion in assets under management.

The integration involves Janus Henderson's JAAA (AAA-rated collateralized loan obligation strategy fund), JTRSY (short-term U.S. Treasury strategy fund), and NYLIM's HYB (U.S. high-yield corporate bond fund). Through Symbiotic Liquid Lane, eligible fund holders can exchange fund tokens for USDC via an on-chain request for quote (RFQ) market, enabling instant liquidity. This mechanism allows market makers to draw funds from liquidity vaults to meet investor redemption demand, and subsequently redeem fund tokens through the issuer or sell them in other RFQ transactions.

Centrifuge stated that this solution separates investors' instant access to USDC liquidity from the traditional fund redemption process, enabling tokenized funds to better adapt to the trading needs of on-chain financial markets. (Cointelegraph)