Janus Henderson and Web3 native asset manager Anemoy have been awarded £154m ($200m) for an actively managed, on-chain fund that offers access to short-term US Treasury yields.
The award – from decentralised finance platform, Spark – was granted to the Janus Henderson Anemoy Treasury Fund (JRTSY) after the two investment managers won a financial prize in the Spark Tokenization Grand Prix competition.
The competition is designed to onboard tens of millions of tokenised assets into Spark’s liquidity layer.
Participants in the competition were evaluated based on criteria like liquidity, capital efficiency, and alignment with Spark’s goals.
The competition attracts nearly 40 applicants, including major traditional and digital asset managers. Other allocations were made to funds operated by BlackRock and Superstate.
Winners were selected after a rigorous review process. Their proposals included innovative tokenised financial instruments, such as short-duration US Treasury funds, which enhance liquidity and portfolio diversification within the DeFi ecosystem.
The Janus/Anemoy fund has been attracting plaudits after it attracted high ratings from fund ratings groups S&P and Moody’s.
Janus entered into a partnership with Anemoy and Centrifuge to manage Anemoy’s Liquid Treasury Fund in September 2024. Janus Henderson acts as a sub-advisor to the LTF, managing the fund’s day-to-day operations and portfolio through its Tabula subsidiary.
When the partnership was announced, Nick Cherney, head of Innovation at Janus Henderson, said the collaboration represented “a significant step forward in bridging traditional and decentralised finance, by bringing robust institutional collateral pools into decentralised autonomous organisation and stablecoin ecosystems.”
