Global asset manager Janus Henderson and Anemoy, an onchain asset manager powered by Centrifuge, today announced they have been selected for a $200 million allocation in the Spark Tokenization Grand Prix competition. The initiative, launched in August, focused on expanding Sky's (formerly MakerDAO) investment exposure to short-duration US Treasury Bills and related tokenized products.

Anemoy put forth the winning bid for their treasury fund – the Janus Henderson Anemoy Treasury Fund (JRTSY). Janus Henderson, serves as a sub-advisor. JRTSY has received an AA+f / S1+ rating from S&P, Aa rating from Moody’s and A+ rating from Particula, top ratings for tokenized funds across all respective agencies.

Centrifuge provides the foundational tokenization technology that powers the entire fund infrastructure. The selection process, which began in September 2024, has been described as the most rigorous request for proposals (RFP) conducted in the digital asset space. The proposal was selected from nearly 40 applicants, including many of the largest traditional and digital asset managers, following a comprehensive due diligence process.

"The tokenization market is expected to reach $16 trillion by 2030 according to Boston Consulting Group," said Anil Sood, Chief Strategy & Growth Officer at Centrifuge and Co-Founder of Anemoy. "Being selected as one of only three winners validates Centrifuge's technology stack and Anemoy's approach to bringing institutional-grade tokenized financial instruments to market."

The Grand Prix win validates Centrifuge's distinctive approach of combining comprehensive tokenization infrastructure that supports any issuer and asset while embodying decentralized finance fundamentals, with Anemoy's regulated asset management capabilities that bridge institutional funds and blockchain. In September, Anemoy announced that Janus Henderson would serve as a sub-advisor to the Janus Henderson Anemoy Treasury Fund managing the fund's day-to-day operations. Since announcing the partnership, Anemoy has launched a liquidity network, received top ratings, and announced a strategic partnership with regulated digital asset exchange Archax.

“Janus Henderson has been exploring blockchain adoption for years, but the Sky RFP was the first clear demand driver that made the opportunity compelling,” said Nick Cherney, Global Head of Innovation at Janus Henderson. “We’re thrilled to partner with Centrifuge and Anemoy as key partners for our blockchain innovation and bring to market our first of many tokenized fund offerings. The early validation of our approach signals a promising path for continued growth and innovation in blockchain.”

Building on this shared vision, Nick Cherney has been appointed to the Board of Directors of the Centrifuge Network Foundation, underscoring the alignment between Janus Henderson, Anemoy, and Centrifuge in advancing institutional adoption of tokenization across fixed income, alternatives and ETFs.

The proposal closely aligned with Sky's requirements for liquidity, ecosystem integration, and portfolio diversification beyond Treasury bills. Key highlights include:

• Enhanced Liquidity: The Anemoy Liquidity Network, built on Centrifuge technology, offers clients access to an institutional grade instant redemption facility in USDC and DAI, available 24/7/365.

• Ecosystem Integration: Leveraging Centrifuge's established relationship with Sky and experience developing financial products for the crypto ecosystem.

• Portfolio Diversification: The bid includes institutional-grade fixed-income token funds, expanding the Sky investor toolkit to better navigate an evolving interest rate and macroeconomic landscape.

“This was an incredibly rigorous competition, and the selected recommended winners demonstrated exceptional design, technology, and execution,” said Sam MacPherson, CEO at Phoenix Labs. “Centrifuge has been a driving force in real-world asset tokenization, and their bid showcased a strong combination of technical excellence, ecosystem vision, and innovation in token standards, setting a high benchmark for the industry”.

About Centrifuge

Centrifuge empowers asset managers to tokenize, manage, and distribute their funds onchain, while providing investors access to a diversified portfolio of tokenized assets. Founded in 2017 and backed by leading VCs, Centrifuge has been a driving force in the institutional adoption of tokenized assets. The company has championed industry initiatives including the Tokenized Asset Coalition, the Real-World Asset Summit, and the creation of widely recognized token standards.

About Anemoy

Anemoy is a web3 native asset manager established to advance Centrifuge's efforts in developing RWA products for bridging TradFi and DeFi. Supporting the entire lifecycle of onchain asset management, Anemoy provides institutions with end-to-end services across compliance, asset management, and seamless integration of real-world assets into DeFi, spanning origination, tokenization, securitization, management, and distribution.

About Janus Henderson Group

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 December 31, 2024, Janus Henderson had approximately US$379 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.